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Poplock acquired and placed in service the following assets during the year: Asset Cost Date Acquired Basis 3/23 $4,000 Computer equipment Dog grooming furniture 5/12
Poplock acquired and placed in service the following assets during the year: Asset Cost Date Acquired Basis 3/23 $4,000 Computer equipment Dog grooming furniture 5/12 $7,000 Pickup truck 9/17 $10,000 Commercial building 10/11 $270,000 Land (one acre) 10/11 $80,000 Assuming DLW does not elect $179 expensing or bonus depreciation. What is Poplock's year 1 total cost recovery for these assets? Assuming DLW does not elect $179 expensing or bonus depreciation. What is Poplock's year 2 total cost recovery for these assets
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