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QUESTION 3 3/23 Poplock acquired and placed in service the following assets during the year: Asset Date Acquired Cost Basis Computer equipment $6.000 Dog grooming

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QUESTION 3 3/23 Poplock acquired and placed in service the following assets during the year: Asset Date Acquired Cost Basis Computer equipment $6.000 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 5179 expensing or bonus depreciation. What is Poplock's year 1 total cost recovery for these assets? QUESTION 4 Poplock Corporation acquired and placed in service the following assets during the year: Asset Date Acquired Cost Basis Computer equipment 3/23 $6.000 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 5179 expensing or bonus depreciation. What is Poplock's year 2 total cost recovery for these assets

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