At the beginning of the year, Dee began a calendar-year business and placed in service the following assets during the year:

Asset	Date Acquired	Cost Basis
Computer equipment (5 year)	3/23	$5,000
Furniture (7 year)	5/12	$7,000
Pickup truck (5 year)	11/15	$10,000
Commercial building (39 year)	10/11	$270,000

Assuming Dee does not elect 179 expensing or bonus depreciation, determine Dees year 1 cost recovery for each asset.

[Hint: (1) Commercial building is a nonresidential real property with 39 years of recovery period. Assume the depreciation percentage for the year is 0.535%.

(2) Assume that Poplock chooses double declining (DB) method.

(3) Note that Poplock uses the mid-quarter [Do you why?] convention for personalty (e.g., computer equipment, furniture, truck) and mid-month convention for realty (e.g., building).]