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 5,209 7,200 10,200 272,000 82,000 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 found 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? Required information your final answers to the nearest whole dollar amount. Leave no answer blank. En 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 Required information questions: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) (Do your final answers to the nearest whole dollar amount. Leave no answer 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 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 5,209 7,200 10,200 272,000 82,000 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 found 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? Required information your final answers to the nearest whole dollar amount. Leave no answer blank. En 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 Required information questions: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) (Do your final answers to the nearest whole dollar amount. Leave no answer 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
