please give me the correct answer for A and B.
If answer is correct I'll give the thumbs up tonight.
thank you!
Problem 10-46 (LO 10-2) (Algo) [The following information applies to the questions cllsplayed 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 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.) 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 a (Algo) a. What is Popiock's year 1 depreciation deduction for each asset? a. What is Poplock's year 1 depreciation deduction for each asset? Table 1 MACRS Half-Year Convention \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 3-Year & 5-Year & 7-Year & 10-Year & 15-Year & 20-Year \\ \hline Year 1 & 33.33% & 20.00% & 14.29% & 10.00% & 5.00% & 3.750% \\ \hline Year 2 & 44.45 & 32.00 & 24.49 & 18.00 & 9.50 & 7.219 \\ \hline Year 3 & 14.81 & 19.20 & 17.49 & 14.40 & 8.55 & 6.677 \\ \hline Year 4 & 7.41 & 11.52 & 12.49 & 11.52 & 7.70 & 6.177 \\ \hline Year 5 & & 11.52 & 8.93 & 9.22 & 6.93 & 5.713 \\ \hline Year 6 & + & 5.76 & 8.92 & 7.37 & 6.23 & 5.285 \\ \hline Year 7 & & & 8.93 & 6.55 & 5.90 & 4.888 \\ \hline Year 8 & & & 4.46 & 6.55 & 5.90 & 4.522 \\ \hline Year 9 & & & & 6.56 & 5.91 & 4.462 \\ \hline Year 10 & & & & 6.55 & 5.90 & 4.461 \\ \hline Year 11 & & & - & 3.28 & 5.91 & 4.462 \\ \hline Year 12 & & & & & 5.90 & 4.461 \\ \hline Year 13 & & & E & & 5.91 & 4.462 \\ \hline Year 14 & & & & & 5.90 & 4.461 \\ \hline Year 15 & & & & - & 5.91 & 4.462 \\ \hline Year 16 & & E & & & .2 .95 & 4.461 \\ \hline Year 17 & & & & & + & 4.462 \\ \hline Year 18 & & & & & & 4.461 \\ \hline Year 19 & & & & & & 4.462 \\ \hline Year 20 & & & & & & 4.461 \\ \hline Year 21 & & & . & & & 2.231 \\ \hline \end{tabular} TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter TABLE 2C MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 5-Year & 7-Year \\ \hline Year 1 & 15.00% & 10.71% \\ \hline Year 2 & 34.00 & 25.51 \\ \hline Year 3 & 20.40 & 18.22 \\ \hline Year 4 & 12.24 & 13.02 \\ \hline Year 5 & 11.30 & 9.30 \\ \hline Year 6 & 7.06 & 8.85 \\ \hline Year 7 & & 8.86 \\ \hline Year 8 & & 5.53 \\ \hline \end{tabular} TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 5-Year & 7-Year \\ \hline Year 1 & 5.00% & 3.57% \\ \hline Year 2 & 38.00 & 27.55 \\ \hline Year 3 & 22.80 & 19.68 \\ \hline Year 4 & 13.68 & 14.06 \\ \hline Year 5 & 10.94 & 10.04 \\ \hline Year 6 & 9.58 & 8.73 \\ \hline Year 7 & & 8.73 \\ \hline Year 8 & & 7.64 \\ \hline \end{tabular} TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-27.5 Years \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & Month Pro & perty Place & d in Service & E & & & & \\ \hline & Month 1 & Month 2 & Month 3 & Month 4 & Month 5 & Month 6 & Month 7 & Month 8 & Month 9 & Month 10 & Month 11 & Month 12 \\ \hline Year 1 & 3.485% & 3.182% & 2879% & 2576% & 2.273% & 1.970% & 1.667% & 1364% & 1.061% & 0.758% & 0.455% & 0.152% \\ \hline Year 2.9 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 10 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 11 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & .3 .637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 \\ \hline Year 12 & 3.637 & 3.637 & 3.637= & 3.637 & 3.637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 13 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 \\ \hline Year 14 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 15 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.637 & 3.637 & 3.637 & 3,637 & 3.637 & 3.637 \\ \hline Year 16 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 17 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 \\ \hline Year 18 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 19 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 \\ \hline Year 20 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.636 & 3.636 & 3,636 & 3.636 & 3.636 & 3.636 \\ \hline Year 21 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.637 & 3.637 & 3,637 & 3.637 & 3.637 & 3.637 \\ \hline Year 22 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 23 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 \\ \hline Year 24 & 3.637 & 3.637 & 3.637 & 3.637 & 3637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 25 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 \\ \hline Year 26 & 3.637 & 3.637 & 3.637 & 3637 & 3.637 & 3.637 & 3.636 & 3.636 & 3.636 & 3,636 & 3.636 & 3.636 \\ \hline Year 27 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 \\ \hline Year 28 & 1.97 & 2.273 & 2576 & 2879 & 3.182 & 3,485 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 29 & & & in & & & & 0.152 & 0.455 & 0.758 & 1.061 & 1.364 & 1.667 \\ \hline \end{tabular} TABL.E 4 Nonresidential Real Froperty Mid-Month Cencention Straight Line-31.5 Ycars (for axsets placed in service befiare May 13, 1993) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{ Meath Preperty Flaced in Servies. } \\ \hline & Menth 1 & Menth 2 & Month 3 : & Menth 4 & Meoth 5 & Meath 6 & Manth 7 & Meenth 8 & Mentb 9 & Mooth 10 & Meeth II & Month 12 \\ \hline Year 1 & 3042 & 27764 & 02513% & 2.249% & 1964% & 17204 & 1+55% & 1.190A & 0.926% & 0.6615 & 0397% & 0.132% \\ \hline Var 2.7 & 3175 & 3175 & 3.175 & 3.175 & 3.175 & 3.175 & 3.175 & 3.175 & 3.175 & 3:175 & 3.175 & 3.175 \\ \hline Years & 3.175 & 3174 & 3175 & 3.174 & 3.175 & 3,174 & 3.175 & 3175 & 3.175 & 3175 & 3.175 & 3173 \\ \hline Year 9 & 3,174 & 3175 & 3.174 & 3475 & 3.174= & 3,175 & 3.174 & 3.175 & 3.174 & 3175 & 3.174 & 3475 \\ \hline Yrar 10 & 3175 & 3.174 & 3175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 \\ \hline Year 11 & 2.174 & 3175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.124 & 3.175 & 3174 & 3.175 & 3.174 & 3175 \\ \hline Year 12 & 3.175 & 3.124 & 3175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3175 & 3.174 \\ \hline Vear 13 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3175 & 3.174 & 3.175 . \\ \hline Yrar 14 & 3.175 & 3.174 & 3.175 & 3174 & 3.175 & 3.124 & 3.175 & 3.174 & 3.1754 & 3174 & -3.175 & 3174 \\ \hline Year 15 & 3.174 & 3175 & 3:174 & 3.135: & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3134 & 3.175 \\ \hline Vrar 16 & 3175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3175 & 3.174 \\ \hline Year 17 & 3.174 & 3173 & 3174 & 3.175 & 3.174 & 3,175 & 3174 & 3.175 & 3.74 & 3.175 & 3.174 & 0.175 \\ \hline Wrar is: & 3175 & 3.174 & 3.175 & 3.124 & 3.175 & 3.174 & 3.175 & 3.174 & 3175 & 3.174 & 3175 & 3.174 \\ \hline Yor is & 3.174 & 3175 & 3174 & 3.175 & 3.174 & 3175 & 3174 & 3.175 & 3174 & 3.175 & 3.174 & 3.175 \\ \hline Year 20 & 3175 & 3,174 & 3173 & 3174 & 3173 & 3174 & 3.175 & 3.174 & 3775 & 3.174 & 3.175 & 3.174 \\ \hline Yrar 21 & 3174 & 3.175 & 3.124 & 3175 & 3.174 & 3125 & 3.124 & 3.175 & 3174 & 3.175 & 3.174 & 3.179 \\ \hline Yrar 2 & 3175 & 3174 & 3175 & 3.174 & 3173 & 3.176 & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3174 \\ \hline Vear 23 & 3.174 & 3.173 & 3174 & 3.135 & 3174 & 3175 & 3.124 & 3.115 & 3.174 & & 3.174 & 0.175 \\ \hline Yrat 24 & 3175 & 3,174 & 3175 & 3.124 & 3.175 & 3.174 & 3115 & 3.174 & 3.175 & 3174 & 3175 & 3.174 \\ \hline Year 25 & 1174 & 3173 & 3.174 & 3.173 & 3.174 & 3173 & 3174 & 2175 & 3.174 & 3.175 & 3.174 & 3175 \\ \hline Year 26 & 3175 & 3174 & 3178 & 3174 & 3.175 & 3174 & 3.175 & 3.174 & 3.125 & 3174 & 3.175 & 3174 \\ \hline Vrar 27 & 3124 & 3.175 & 3174 & 3175 & 3.174 & 3175 & 3.174 & 3175 & 3.124 & 3.175 & 3.174 & 3.175 \\ \hline Vear 25 & 3173 & 3.174 & 3.175 & 3174 & 3.175 & 2.174 & 3.175 & 3174 & 3.75 & 3174 & 2175 & 314 \\ \hline Var 24 & 3.174 & & 3.174 & 2123 & 3.174 & 313 & 3174 & 3125 & 3124 & 2.175 & 2174 & 3.175 \\ \hline \end{tabular} b. What is Poplock's year 2 depreciation deduction for each asset
