Required information Comprehensive Problem 10-76 (LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO 10-5) (Algo) [The following information applies to the questions displayed below.] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2020. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2020: Date Placed in Asset Cost Service Office furniture$ 230,000 02/03/2020 Machinery 1,576,000 07/22/2020 Used delivery 56,000 08/17/2020 truck* *Not considered a luxury automobile. During 2020, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2021 to increase its production capacity. These are the assets acquired during 2021: Date Placed in Asset Computers and Cost Service information system $ 416,000 03/31/2021 Luxury autot Assembly equipment Storage building 84,000 1,280,000 900,000 05/26/2021 08/15/2021 11/13/2021 +Used 100% for business purposes. Karane generated taxable income in 2021 of $1,752,500 for purposes of computing the 179 expense limitation. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.)