d. Now assume that during 2023, Karane decides to buy a competitor's assets for a purchase price of $1,350,000. Compute the maximum 2023 cost recovery, including §179 expense and bonus depreciation. Karane purchased the following assets for the lump- sum purchase price: Note: Round your final answers to the nearest whole dollar amount. Asset Inventory Office furniture Machinery Patent Goodwill Building Land Date Placed in Cost Service $ 220,000 09/15/2023 230,000 09/15/2023 250,000 09/15/2023 198,000 09/15/2023 2,000 09/15/2023 430,000 09/15/2023 20,000 09/15/2023 Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. Description 2022 Assets Office Furniture Machinery Used Delivery Truck Section Cost 179 Expense Bonus MACRS Basis Current MACRS Depreciation Current Amortization Total Cost Recovery Deduction $ 150,000 $ 0 $ 0 $ 150,000 $ 36,735 0 $ 36,735 1,560,000 0 0 ✓ 480,000 117,552 0 117,552 40,000 0 0 40,000 12,800 0 12,800 2023 Assets Computers and Information System 400,000 0 ✓ 3,200,000 x 80,000 16,000 0 ✓ 3,216,000 Luxury Auto 80,000 0 8,000 72,000 12,200 0 ✓ 20,200 Assembly Equipment 1,200,000 1,160,000 32,000 8,000 1,143 0 1,193,143 Storage Building 700,000 0 0 700,000 15,729 X 0 15,729 Inventory 220,000 0 0 ✓ 0 0 ✓ 0 0 Office Furniture 230,000 0 184,000 46,000 6,573 0 190,573 Machinery 250,000 0 200,000 50,000 7,145 0 207,145 Patent 198,000 0 0 ✓ 0 0 4,400 4,400 Goodwill Building Land 2,000 0 0 ✓ 0 ✓ 0 ✓ 44 44 430,000 0 0 ✓ 430,000 7,822 × 0 7,822 20,000 0 0 0 0 0 0 Totals $ 5,480,000 $ 1,160,000 $ 3,624,000 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. $ 2,056,000 $ 233,699 $ 4,444 $ 5,022,143 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: Date Placed in Asset Office furniture Machinery Used delivery truck* Cost $ 150,000 1,560,000 40,000 Service 02/03/2022 07/22/2022 08/17/2022 *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: Date Placed in Asset Computers and information system Cost $ 400,000 Service 03/31/2023 Luxury auto* Assembly equipment Storage building 80,000 1,200,000 700,000 05/26/2023 08/15/2023 11/13/2023 *Used 100% for business purposes. Karane generated taxable income in 2023 of $1,732,500 for purposes of computing the §179 expense limitation. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.