Chapter 10 Homework i 3 Required information Saved Part 1 of 2 [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: 0.76 points Asset Date Acquired Computer equipment 3/23 Dog-grooming furniture 5/12 Pickup truck 9/17 Commercial building 10/11 Land (one acre) 10/11 eBook Hint Print References Cost Basis $ 5,000 7,000 10,000 270,000 80,000 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. a. What is Poplock's year 1 depreciation deduction for each asset? Asset Depreciation Deduction Computer equipment $ 1,000 Dog-grooming furniture $ 0 Pickup truck $ 1,714 Commercial building $ 2,000 Land (one acre) $ 1,445 Total $ 6,159