At the beginning of the current year, Poplock began a calendar year dog boarding business called Griff's Palace Poplock bought and placed in service the following assets during the year Asset Date Acquired Cost Basis Computer equipment 3 23 $ 7,400 Dog grooming furniture 5 12 9,400 Pickup truck 9 17 10,000 Commercial building 10 11 294,000 Land (one acre) 10 11 104,000 Assuming Poplock does not elect 179 expensing and elects not to use bonus depreciation, answer the following questions (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5 ) Note Do not round intermediate calculations Round your final answers to the nearest whole dollar amount Leave no answer blank Enter zero if applicable Problem 10 46 Part b (Algo) b What is Poplock's year 2 depreciation deduction for each asset At the beginning of the current year, Poplock began a calendar year dog boarding business called Griff's Palace Poplock bought and placed in service the following assets during the year Asset Date Acquired Cost Basis Computer equipment 3 23 $ 7,400 Dog grooming furniture 5 12 9,400 Pickup truck 9 17 10,000 Commercial building 10 11 294,000 Land (one acre) 10 11 104,000 Assuming Poplock does not elect 179 expensing and elects not to use bonus depreciation, answer the following questions (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5 ) Note Do not round intermediate calculations Round your final answers to the nearest whole dollar amount Leave no answer blank Enter zero if applicable Problem 10 46 Part b (Algo) b What is Poplock's year 2 depreciation deduction for each asset Required information Problem 10 46 (LO 10 2) (Algo) The following information applies to the questions displayed below At the beginning of the current year, Poplock began a calendar year dog boarding business called Griff's Palace Poplock bought and placed in service the following assets during the year Assuming Poplock does not elect $179 expensing and elects not to use bonus depreciation, answer the following questions (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5 ) Note Do not round intermediate calculations Round your final answers to the nearest whole dollar amount Leave no answer blank Enter zero if applicable Problem 10 46 Part b (Algo) b What is Poplock's year 2 depreciation deduction for each asset

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At the beginning of the current year, Poplock began a calendar-year dog boarding business called Griff's Palace. Poplock bought and placed in service the following

At the beginning of the current year, Poplock began a calendar-year dog boarding business called Griff's Palace. Poplock bought and placed in service the following assets during the year:

Asset	Date Acquired	Cost Basis
Computer equipment	3/23	$ 7,400
Dog-grooming furniture	5/12	9,400
Pickup truck	9/17	10,000
Commercial building	10/11	294,000
Land (one acre)	10/11	104,000

Assuming Poplock does not elect 179 expensing and elects not to use bonus depreciation, answer the following questions: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.

Problem 10-46 Part b (Algo)

b. What is Poplock's year 2 depreciation deduction for each asset?

At the beginning of the current year, Poplock began a calendar-year dog boarding business called Griff's Palace. Poplock bought and placed in service the following assets during the year:

Asset	Date Acquired	Cost Basis
Computer equipment	3/23	$ 7,400
Dog-grooming furniture	5/12	9,400
Pickup truck	9/17	10,000
Commercial building	10/11	294,000
Land (one acre)	10/11	104,000

Assuming Poplock does not elect 179 expensing and elects not to use bonus depreciation, answer the following questions: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.

Problem 10-46 Part b (Algo)

b. What is Poplock's year 2 depreciation deduction for each asset?

image text in transcribed

Required information Problem 10-46 (LO 10-2) (Algo) [The following information applies to the questions displayed below.] At the beginning of the current year, Poplock began a calendar-year dog boarding business called Griff's Palace. Poplock bought and placed in service the following assets during the year: Assuming Poplock does not elect \$179 expensing and elects not to use bonus depreciation, answer the following questions: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable. Problem 10-46 Part b (Algo) b. What is Poplock's year 2 depreciation deduction for each asset