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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

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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: Monet Computer equipment Dog-grooming furniture Pickup truck Commercial building Land (one acre) Data Acquired 3/23 5/12 9/17 10/11 10/11 Cont Basis 5 8,800 10,000 10,000 300,000 110,000 Assuming Poplock does not elect 5179 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? Depreciation Doduction Asset Computer equipment Dog grooming furniture Pickup truck Commercial building Land Total b. What is Poplock's year 2 depreciation deduction for each asset? Asset Depreciation Deduction es Computer equipment Dog grooming furniture Pickup truck Commercial building Land Total 0

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