Required Information Problem 10-46 (LO 10-2) (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 called Griff's Palace. Poplock bought and placed in service the following assets during the year. Asset Date Acquired Computer equipment $ 7,600 Dog-grooming furniture 9,600 Pickup truck 10,000 Commercial building 10/11 296,000 Land (one acre) 10/11 106,080 Assuming Poplock does not elect 3179 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.) (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Cost Basis 3/23 5/12 9/17 Problem 10-46 Part a (Algo) a. What is Poplock's year 1 depreciation deduction for each asset? Asset Depreciation Deduction Computer equipment Dog-grooming furniture Pickup truck Commercial building Land (one acre) Total S 0 Required Information Problem 10-46 (LO 10-2) (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 called Griff's Palace. Poplock bought and placed in service the following assets during the year. Asset Date Acquired Cost Basis Computer equipment $ 7,600 Dog-grooming furniture 5/12 9,600 Pickup truck 10,000 Commercial building 296,000 Land (one acre) 106,000 Assuming Poplock does not elect 3179 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.) (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) 3/23 9/17 10/11 10/11 Problem 10-46 Part b (Algo) b. What is Poplock's year 2 depreciation deduction for each asset? Depreciation Deduction Asset Computer equipment Dog-grooming furniture Pickup truck Commercial building Land (one acre) Total S 0