Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2021. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2021: AssetCostDate Placed in Service Office furniture$ 310,00002/03/2021 Machinery1,592,00007/22/2021 Used delivery truck*72,00008/17/2021 *Not considered a luxury automobile. During 2021, Karane was very successful (and had no §179 limitations) and decided to acquire more assets in 2022 to increase its production capacity. These are the assets acquired during 2022: AssetCostDate Placed in Service Computers and information system$ 432,00003/31/2022 Luxury auto*88,00005/26/2022 Assembly equipment1,360,00008/15/2022 Storage building800,00011/13/2022