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line tollowing intormation applies to the questions displayed below. At the beginning of the year, Poplock began a calendar-year dog boarding business called Griff's Palace.

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line tollowing intormation applies to the questions displayed below. At the beginning of the 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: Cost Basis Date Asset Acquired Computer equipment Dog-grooming furniture Pickup truck Commercial building Land (one acre) 3/23 8,200 5/12 10,200 9/17 10,000 10/11 302,000 10/11 112,000 Assuming Poplock does not elect 5179 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.) (Round your 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? Depreciation Expense Asset Computer equipment Dog grooming furniture Pickup truck Commercial building Land Total b. What is Poplock's year 2 depreciation deduction for each asset? Depreciation Expense Asset Computer equipment Dog grooming furniture Pickup truck Commercial building Land Total

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