Problem 10-46 (LO 10-2) (Algo)

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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:

Asset	Date Acquired	Cost Basis
Computer equipment	3/23	$ 7,400
Dog-grooming furniture	5/12	9,400
Pickup truck	9/17	10,000
Commercial building	10/11	294,000
Land (one acre)	10/11	104,000

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.

Problem 10-46 Part a (Algo)

a. What is Poplock's year 1 depreciation deduction for each asset?

i 4.77/8 Total points awa 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 \$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. Problem 10-46 Part a (Algo) a. What is Poplock's year 1 depreciation deduction for each asset? *Ked text Indicates no response was expected in a cell or a tormula-based calculation is incorrect; no points deducted