QUESTION 4 Poplock Corporation acquired and placed in service the following assets during the year Asset Date Acquired Cost Basis Computer equipment 3/23 57.000 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? QUESTIONS DLW Corporation acquired and placed in service the following assets during the year: Asset Computer equipment Furniture Commercial building Date Acquired 2/17 5/12 Cost Basis $10,000 $18,000 1111 $270,000 Assuming DLW does not elect 5179 expensing and elects not to use bonus depreciation, what is DLW's year 3 cost recovery for each asset i DLW sells all of these assets on 1/23 of year 37 QUESTION 8 2 poin Dain's Diamond Bt Drilling purchased the following assets this year. Assume its taxable income for the year was $51,000 before deducting any 5179 expense (assure to bonus depreciation) Asset Drill Bits (5-year) Drill Bits (5-year) Commercial Bulding Original Purchase Date Basis January 25 590,000 July 25 95.000 April 22 220.000 What is the maximum amount of 5179 expense Dain may deduct for the year