Practice Problem #6-Depreciation At the beginning of the year, Price began a calendar-year dog boarding busines called Dog Palace. Price bought ad placed in service the following assets during the year: Asset Date Aoquired Cost Basis Computer equipment Dog grooming furniture Pickup truck Commercial building Land (one acre) 3/23 5/12 1017 10V11 t0i $3,500 $7,500 $30,000 $270,000 $80,000 Assuming Price does not elect 179 expensing ar bonas depreciation, answer the following questions: What is Price's year 1 depreciation expense for each asset? a