Required information [The following information applies to the questions displayed below.] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2022. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2022: Asset Office furniture Machinery Used delivery truck* *Not considered a luxury automobile. During 2022, Karane was very successful (and had no §179 limitations) and decided to acquire more assets in 2023 to increase its production capacity. These are the assets acquired during 2023: Asset Computers and information system Luxury auto* Assembly equipment Storage building Cost $ 160,000 1,570,000 42,000 Description 2022 Assets Office Furniture Machinery Used Delivery Truck 2023 Assets Computers and Information System Luxury Auto Assembly Equipment Storage Building Total Date Placed in Service 02/03/2022 07/22/2022 08/17/2022 *Used 100% for business purposes. Karane generated taxable income in 2023 of $1,735,000 for purposes of computing the §179 expense limitation. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers. Required: c. Compute the maximum 2023 depreciation deductions, including §179 expense, but now assume that Karane would like to take bonus depreciation. Note: Round your final answers to nearest whole dollar. Cost Cost $ 402,000 80,500 $ 160,000 1,570,000✔ 42,000 1,210,000 800,000 $ Section 179 Expense Date Placed in Service 03/31/2023 05/26/2023 08/15/2023 11/13/2023 402,000✔ 80,500✔ 1,210,000✔ 1,160,000 800,000 $4,264,500 0 $ 0 0 0✔ 0✔ 0 Answer is not complete. $ 1,160,000 $ Bonus 0 $ 0✔ 0✔ 8,000 MACRS Basis Current MACRS Depreciation 160,000 $ 490,000✔ 42,000 Total Cost Recovery Deduction 39,184 $ 120,001 13,440✔ 800,000✔ 2,568 0✔ 8,000 $ 1,492,000 $ 175,193 39,184 120,001 13,440 0 8,000 1,160,000 2,568 $ 1,343,193