TABLES

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 5,600 7,600 10,000 276,000 86,000 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? Depreciation Deduction 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 Computer equipment Dog grooming furniture Pickup truck Commercial building Land Total Table 1 MACRS Half-Year Convention | 3-Year 33.33% 44.45 14.81 7.41 20-Year 3.750% 7.219 6.677 6.177 5.713 5.285 4.888 Depreciation Rate for Recovery Period 5-Year 7-Year 10-Year 15-Year 20.00% 14.29% 10.00% 5.00% 32.00 24.49 18.00 9.50 19.20 17.49 14.40 8.55 11.52 12.49 11.52 7.70 11.52 8.93 9.22 6.93 L 5.76 8.92 7.37 6.23 8.93 6.55 5.90 4.46 6.55 5.90 6.56 5.91 6.55 5.90 3.28 5.91 5.90 5.91 15.90 5.91 2.95 Yearl Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00% 10.71% Year 2 3 4.00 25.51 Year 3 20.40 18.22 Year 4 12.24 13.02 Year 5 11.30 9.30 Year 6 7.06 8.85 Year 7 8.86 Year 8 5.53 TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 5.00% 3.57% Year 2 38.00 27.55 Year 3 22.80 19.68 Year 4 13.68 14.06 Year 5 10.04 Year 6 9.58 8.73 Year 7 8.73 Year 8 7.64 10.94 TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-27.5 Years 3.636 | 3.636 | 3.636 | 3.636 | 3.636 3.636 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 | Yearl 3.485% 3.182% 2.879% 2.576% 2.273% 1.970% 1.667% 1.364% 1.061% 0.758% 0.455% 0.152% | Year 2-9 3.636 3.636 3.636 3.636 3.636 | 3.636 3.636 3.636 3.636 3.636 3.636 3.636 Year 10 3.637 3.637 3.6373.6373.637 3.637 3.6363.6363.6363.6363.6363.636 Year 11 3.636 3.636 3.636 3.636 3 .636 | 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 12 3.637 3.637 3.637 3.637 3.637 | 3.637 3 .636 3.636 3.636 | 3.636 3.636 3.636 Year 13 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 14 3.637 3.637 3.637 3.637 3.637 | 3.637 3 .636 3.636 3.636 3.636 3.636 3.636 Year 15 3.636 3.6363.6363.636 3.6363.636 3.637 3.6373.637 3.637 3.637 3.637 Year 163 .637 3.637 3.637 3.637 3.637 | 3.637 3 .636 3.636 3.636 | 3.636 3.636 3.636 Year 17 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 18 3.637 3.637 3.6373.6373.637 3.637 3.6363.6363.6363.6363.6363.636 Year 19 3.636 3.636 3.636 3.636 3.636 | 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 20 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3 .636 3.636 3.636 3.636 3.636 Year 21 3.636 3.636 3.636 3.636 3 .636 | 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 22 3.6373.6373.6373.6373.637 3.6373.6363.6363.6363.6363.6363.636 Year 23 3.636 3.6363.6363.636 3.6363.636 3.637 3.6373.637 3.637 3.637 3.637 Year 24 3.637 3.637 3.637 3.637 3.637 | 3.637 3 .636 3.636 3.636 3.636 3.636 3.636 Year 25 3.636 3.636 3.636 3.636 3.636 | 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 26 3.637 3.637 3.6373.6373.637 3.637 3.6363.6363.6363.6363.6363.636 Year 27 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 28 1.97 2.273 2.576 2.879 3.182 3.485 3.6363.636 | 3.6363.6363.6363.636 Year 29 0.152 0.455 0.758 1.061 1.364 1.667 TABLE 4 Nonresidential Real Property Mid-Month Convention Straight Line-31.5 Years (for assets placed in service before May 13, 1993) 1 L Month 2 2.778% 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 Month 1 Year 1 3.042% Year 2-7 3.175 Year 8 3.175 Year 9 3.174 Year 10 3.175 Year 11 3.174 Year 12 3.175 Year 13 3.174 Year 14 3.175 Year 15 3.174 Year 16 3.175 Year 17 3.174 Year 18 3.175 Year 19 3.174 Year 201 3.175 Year 21 3.174 Year 22 3.175 Year 23 3.174 3.174 Month 3 2.513% 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Month 4 2.249% 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 1 L LLLLLLLLLLLLLLLLLLLLLLLLL Month Property Placed in Service Month 5 Month 6 Month 7 1.984% 1.720% 1.455% 3.175 3.175 L 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3 174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 2.778 3.042 3.175 0.132 | Month 8 1.190% 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.115 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 0.397 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 1.984 | Month 9 Month 10 | Month 11 | Month 12 0.926% 0.661% 0.397% 0.132% 3.175 I 3.175 3.175 3.175 3.175 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.174 3.175 | 3.174 3.175 3.175 3.174 L 3.175 3.174 L 3.174 L 3.175 3.174 3.175 | 3.175 L 3.174 3.175 3.174 3.174 13.175 3.174 TL 3.175 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 L 3.174 3.175 3.174 | 3.175 3.175 I 3.174 3.175 3.174 L 3.174 3.174 1 3.175 3.174 3.175 | 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.175 1 3.174 3.175 3.174 L 3.174 3.174 1 3.175 3.174 3.175 3.175 L 3.174 | 3.175 3.174 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 0.661 0.926 1.190 1.455 3.175 Year 24 3.175 1 1 L L L Year 25 Year 26 Year 27 Year 28 Year 29 Year 30 Year 31 Year 32 Year 33 3.174 3.175 3.174 3.175 3.174 3.175 3.174 1.720 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 2.249 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 2.513 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 5,600 7,600 10,000 276,000 86,000 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? Depreciation Deduction 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 Computer equipment Dog grooming furniture Pickup truck Commercial building Land Total Table 1 MACRS Half-Year Convention | 3-Year 33.33% 44.45 14.81 7.41 20-Year 3.750% 7.219 6.677 6.177 5.713 5.285 4.888 Depreciation Rate for Recovery Period 5-Year 7-Year 10-Year 15-Year 20.00% 14.29% 10.00% 5.00% 32.00 24.49 18.00 9.50 19.20 17.49 14.40 8.55 11.52 12.49 11.52 7.70 11.52 8.93 9.22 6.93 L 5.76 8.92 7.37 6.23 8.93 6.55 5.90 4.46 6.55 5.90 6.56 5.91 6.55 5.90 3.28 5.91 5.90 5.91 15.90 5.91 2.95 Yearl Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00% 10.71% Year 2 3 4.00 25.51 Year 3 20.40 18.22 Year 4 12.24 13.02 Year 5 11.30 9.30 Year 6 7.06 8.85 Year 7 8.86 Year 8 5.53 TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 5.00% 3.57% Year 2 38.00 27.55 Year 3 22.80 19.68 Year 4 13.68 14.06 Year 5 10.04 Year 6 9.58 8.73 Year 7 8.73 Year 8 7.64 10.94 TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-27.5 Years 3.636 | 3.636 | 3.636 | 3.636 | 3.636 3.636 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 | Yearl 3.485% 3.182% 2.879% 2.576% 2.273% 1.970% 1.667% 1.364% 1.061% 0.758% 0.455% 0.152% | Year 2-9 3.636 3.636 3.636 3.636 3.636 | 3.636 3.636 3.636 3.636 3.636 3.636 3.636 Year 10 3.637 3.637 3.6373.6373.637 3.637 3.6363.6363.6363.6363.6363.636 Year 11 3.636 3.636 3.636 3.636 3 .636 | 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 12 3.637 3.637 3.637 3.637 3.637 | 3.637 3 .636 3.636 3.636 | 3.636 3.636 3.636 Year 13 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 14 3.637 3.637 3.637 3.637 3.637 | 3.637 3 .636 3.636 3.636 3.636 3.636 3.636 Year 15 3.636 3.6363.6363.636 3.6363.636 3.637 3.6373.637 3.637 3.637 3.637 Year 163 .637 3.637 3.637 3.637 3.637 | 3.637 3 .636 3.636 3.636 | 3.636 3.636 3.636 Year 17 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 18 3.637 3.637 3.6373.6373.637 3.637 3.6363.6363.6363.6363.6363.636 Year 19 3.636 3.636 3.636 3.636 3.636 | 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 20 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3 .636 3.636 3.636 3.636 3.636 Year 21 3.636 3.636 3.636 3.636 3 .636 | 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 22 3.6373.6373.6373.6373.637 3.6373.6363.6363.6363.6363.6363.636 Year 23 3.636 3.6363.6363.636 3.6363.636 3.637 3.6373.637 3.637 3.637 3.637 Year 24 3.637 3.637 3.637 3.637 3.637 | 3.637 3 .636 3.636 3.636 3.636 3.636 3.636 Year 25 3.636 3.636 3.636 3.636 3.636 | 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 26 3.637 3.637 3.6373.6373.637 3.637 3.6363.6363.6363.6363.6363.636 Year 27 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 28 1.97 2.273 2.576 2.879 3.182 3.485 3.6363.636 | 3.6363.6363.6363.636 Year 29 0.152 0.455 0.758 1.061 1.364 1.667 TABLE 4 Nonresidential Real Property Mid-Month Convention Straight Line-31.5 Years (for assets placed in service before May 13, 1993) 1 L Month 2 2.778% 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 Month 1 Year 1 3.042% Year 2-7 3.175 Year 8 3.175 Year 9 3.174 Year 10 3.175 Year 11 3.174 Year 12 3.175 Year 13 3.174 Year 14 3.175 Year 15 3.174 Year 16 3.175 Year 17 3.174 Year 18 3.175 Year 19 3.174 Year 201 3.175 Year 21 3.174 Year 22 3.175 Year 23 3.174 3.174 Month 3 2.513% 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Month 4 2.249% 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 1 L LLLLLLLLLLLLLLLLLLLLLLLLL Month Property Placed in Service Month 5 Month 6 Month 7 1.984% 1.720% 1.455% 3.175 3.175 L 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3 174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 2.778 3.042 3.175 0.132 | Month 8 1.190% 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.115 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 0.397 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 1.984 | Month 9 Month 10 | Month 11 | Month 12 0.926% 0.661% 0.397% 0.132% 3.175 I 3.175 3.175 3.175 3.175 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.174 3.175 | 3.174 3.175 3.175 3.174 L 3.175 3.174 L 3.174 L 3.175 3.174 3.175 | 3.175 L 3.174 3.175 3.174 3.174 13.175 3.174 TL 3.175 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 L 3.174 3.175 3.174 | 3.175 3.175 I 3.174 3.175 3.174 L 3.174 3.174 1 3.175 3.174 3.175 | 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.175 1 3.174 3.175 3.174 L 3.174 3.174 1 3.175 3.174 3.175 3.175 L 3.174 | 3.175 3.174 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 0.661 0.926 1.190 1.455 3.175 Year 24 3.175 1 1 L L L Year 25 Year 26 Year 27 Year 28 Year 29 Year 30 Year 31 Year 32 Year 33 3.174 3.175 3.174 3.175 3.174 3.175 3.174 1.720 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 2.249 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 2.513