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Problem 10-46 (LO 10-2) (Algo) Skip to question [The following information applies to the questions displayed below.] At the beginning of the current year, Poplock

Problem 10-46 (LO 10-2) (Algo) Skip to question [The following information applies to the questions displayed 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: Asset Date Acquired Cost Basis Computer equipment 3/23 $ 9,800 Dog-grooming furniture 5/12 11,800 Pickup truck 9/17 10,000 Commercial building 10/11 318,000 Land (one acre) 10/11 128,000

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.)

What is year 2 depreciation deduction for each asset : computer equipment, Dog grooming furniture , pick up truck, commercial building land total

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