! Required information (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 Computer equipment Dog-grooming furniture Pickup truck Commercial building Land (one acre) Date Acquired 3/23 5/12 9/17 10/11 10/11 Cost Basis $ 6,600 8,600 10,000 286,000 96,000 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.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) 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 Total $ 0 ! Required information (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: Cost Asset Computer equipment Dog-grooming furniture Pickup truck Commercial building Land (one acre) Date Acquired 3/23 5/12 9/17 10/11 10/11 Basis $ 6,600 8,600 10,000 286,000 96,000 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.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) b. What is Poplock's year 2 depreciation deduction for each asset? Asset Depreciation Deduction Computer equipment Dog grooming furniture Pickup truck Commercial building Land Total $ 0 Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.750% Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 8.92 7.37 6.23 5.285 Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6.55 5.90 4.522 Year 9 6.56 5.91 4.462 Year 10 6.55 5.90 4.461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 5.91 4.462 Year 14 5.90 4.461 Year 15 5.91 4.462 Year 16 2.95 4.461 Year 17 4.462 Year 18 4.461 Year 19 4.462 Year 20 4.461 Year 21 2.231 TABLE 2 MACRS Mid-Ouarter Comentinn: For www.ved in ever win ili Depreciation Rate for Heavery Period 5-Y 7-Year Year 1 25.00W 2 21.41 3 25.00 Year 2 Year 3 13.00 .. Viard || | 10.09 Viors 11.01 8.75 Year o 1.35 8.74 Viuar? ? 8.74 Year x 1.0 TABLE 26 MACRS Mid-Orier Convention: Por prynwin sprwidurig waarder Thepreciation Refur terwery Trim - Viar 7-Year Year 1 17.159 Vir 2 2 0 23-1 Year 3 18.00 Year 4 11.32 .1.9: Years 11.32 SS Yari 426 8.7 Year 7 3.57 Viar .4 TALLL 2 MACASM Ouarter Coureacion for property w serweder met har Depreciatini Rale for Prewery Pro Sear 7. Yeni Year 10.715 Year 2 340 2531 Year 2413 IR) Year 4 1244 1302 Year 5 11.30 1.211 Teur 705 8.85 Year 8.86 Year 3.53 TABLE 20 MACHA.Mid Cuarter Cet: Fw Wyry polim mnie dwing iturile gew Thepreciation Rate fur Recovery end 5. Year 7-Year 7 Yeur 1 2012 251 Yar? 30 27.55 Yara 2280 10.68 Year 1368 14.00 Years 1044 1914 ticori 6 8.73 Year T Year TABLK 3 Residential antal Property Mid-Mouth Collection Straight Line-27.5 Years Mouth Property Pleeed lu service Month 3 Month 6 Month Month 1 Meath 2 Months Munth 4 Month 8 Yuri 3.18% 2.6794 2.5758 22795 92245 1.5678 1.3615 3.5% Munth 9 Month 10 Month 11 month 12 10613 6753 0.4558 0.1524 3.676 16 Yar 2-4 44 3.646 94 1635 9696 Year 10 3.632 3637 303 3.592 3.632 3637 1036 3.56 3.530 3.635 1035 3.6.6 Year 11 3416 1635 101 3.510 3636 5635 9647 3.592 3.617 1617 9517 Year 12 LEY 237 1637 3.627 3.617 3537 166 3.616 1635 361 Year 13 VEYS 31:30 1.636 3.12 3.631 3635 3.627 3.67 3:37 3:57 3.67 Year 14 LEYS 1697 3.597 3.697 95 3.614 3.616 16 9.614 Year 15 3,6711 1936 3.626 3.636 31.627 3.67 3437 21137 Year 16 3.437 34:37 2.637 3.67 36637 3.6.26 3.20 343 11:36 3.126 Year 17 346 1.635 1638 3.26 3.836 1485 STE ( 3.6.07 3.97 3.437 163 3.6.17 Year 18 3.00 3.66 5.635 1635 Year 19 46 3,035 1636 3.12! 3.40 LTE 3.12? 3.2017 3437 14:37 3.1.37 3.63 361 Year 20 3.837 SN 99 3.6.26 3.46 3,435 3.696 Year 21 3.630 3.635 1036 56 3.640 3635 1039 3.527 3.502 3.632 1039 Vear 22 3437 9695 3.592 3697 1637 9 3.56 361 1635 1 9:96 Year 23 3.636 3.5.10 3.836 3.54 3. 16S Vear 24 3.632 1031 3.537 3.537 10 3.556 3.636 5635 1635 3.636 Var 15 3636 3.611 3616 1617 35 3.617 T7 1697 Year 26 3677 3637 1637 3.617 3.617 11 1.636 3.676 3636 Year 27 3.42 34:33 1.036 3.4 3430 1.637 3.627 3.207 3437 LUE 3.137 3.!! 2.679 Year 28 1.97 2273 1974 3.182 2485 3.676 3.416 3635 1636 2.66 Year 29 0.152 11.35% 1ulfil 1.314 TABLE 4 Nonresidential Real Property Msd-alonch Convention Straight Line-31.5 Years for assets placed in service before May 13. 1993) Munth Iruperly Placed in Service Munth 5 Diunth 6 Blunch Month 1 Munth 2 Munth 3 Munth44 Mooth 9 Month 10 Munth 11 Munth 12 Month 1.1905 Tear1 2.7788 23135 1.9895 1.9204 0.132% 2.2195 3.155 1.4558 3175 0.651 3.175 0399 3.79 Year 2-7 3.175 3.175 3.75 3.155 3.175 3.175 3.175 3.175 3.12 5.174 3.15 3.14 '3.1 3.134 1113 1.125 2.175 3.175 5.175 3.125 Year Yeur 9 9 $.124 3..25 3.194 3.12 3.134 3.133 3114 2.125 2.174 3.125 3.124 3.175 Year 10 3.125 3.175 3.194 3.134 113 2.121 3.175 3.124 S..25 3.124 Year 11 3.17 3..25 3.174 3.15 3123 112 1.125 3.124 3.125 3..7 3.75 Year 12 3.175 6.174 3.175 3.14 3.174 1.174 1.175 3.174 3.175 Year 13 3.174 3.124 3.195 3.174 3.173 1.174 1.175 2.174 1.175 3.12 3.125 Year 10 3.125 3.15 3.14 3.133 3.134 3.125 1.174 2.175 3.124 3.125 3.124 Year 15 3.124 3..25 3.194 3.12 3.133 3184 2.125 2.121 3.125 3.124 3.175 Year 16 3.175 3..20 3.175 3.17 2.17 3.125 3.175 3.121 Year 17 3.174 3.175 3.173 1.174 2.173 3.174 3.175 3.174 3.195 Year IN 3.125 3.174 3.195 3.194 3.175 3.174 1.173 1.174 2.175 3.174 3.175 3.174 Year 19 5.174 3..75 3.194 3.13 3.134 3.173 1114 1.175 2.174 1.175 5.174 3.175 Year 20 3.12 3..24 3.15 3.1.4 3.133 3.134 1113 1.174 2.175 3.124 3.175 3.194 Year 21 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.173 Year 22 3.175 3.174 3.173 3.174 3.173 3.174 2.173 3.174 3.175 3.174 3.175 3.174 Year 23 3.174 3.175 3.194 3.195 3.174 3.173 2.174 3.113 3.174 3.175 3.174 3.175 Year 24 5.125 3.174 3.173 3.174 2.174 2.175 3,122 3.17 3.174 Year 25 3.124 3..75 3.124 3.112 3.134 3.173 1114 1.125 2.124 1.125 3.174 3.173 Year 26 3.173 3.174 3.175 3.174 3.17.5 3.174 21.173 1.17+ 3.175 3.174 3.173 3.174 Year 27 3.174 3.175 3.174 3.175 3.174 3.175 2.174 3.175 3.174 3.175 3.174 3.175 Year 2 3.17 3.174 3.195 3.194 3.175 3.174 2.173 2.174 3.175 3.174 3.175 3.174 Year 29 3.124 3.194 3.195 3.174 2.173 1.174 2.17 2.174 3.175 3.174 3.175 Year 30 5.175 3..74 :3.1. 3.14 '3.1 3.174 1113 1.114 1.175 1.124 5.175 3.194 Year 31 3.174 3.175 3.174 3.175 3.174 1.175 1.17+ 3.175 3.174 3.175 3.174 3.175 Year 32 1.7211 1.984 2.24) 2.513 2.778 31.0442 2.175 3.174 3.175 3.174 3.173 3.174 Year 33 0.132 0.347 04:11 0.920 1.190 1.433 TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line39 Years (for assets placed in service on or after May 13, 1993) Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Year 1 2.461% 2.247% 2.033% 1.819% 1.605% 1.391% 1.177% 0.963% 0.749% 0.535% 0.321% 0.107% Year 2-39 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 Year 40 0.107 0.321 0.535 0.749 0.963 1.177 1.391 1.605 1.819 2.033 2.247 2.461