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Required information Problem 02-46 (LO 02-2) (Algo) [The following information applies to the questions displayed below.] At the beginning of the current year, Poplock
Required information Problem 02-46 (LO 02-2) (Algo) [The following information applies to the questions displayed below.] At the beginning of the current year, Poplock began a calendar-year dog boarding business bought and placed in service the following assets during the year: Cost Basis Asset Date Acquired Computer equipment 3/23 Dog-grooming furniture 5/12 Pickup truck 9/17 Commercial building 10/11 Land (one acre) 10/11 $ 9,600 11,600 10,000 316,000 126,000 Assuming Poplock does not elect $179 expensing and elects not to use bonus depreciation, a questions: (Use MACRS Table 1. Table 2. Table 3, Table 4 and Table 5.) (Do not round intermed your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero in Problem 02-46 Part b (Algo) b. What is Poplock's year 2 depreciation deduction for each asset? Asset Computer equipment Dog-grooming furniture Pickup truck Depreciation Deduction
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