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[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
[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 3/23 Dog-grooming furniture 5/12 Pickup truck 9/17 Commercial building Land (one acre) 10/11 10/11 Cost Basis $ 8,200 10,200 10,000 302,000 112,000 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 Computer equipment Dog-grooming furniture Depreciation Deduction Pickup truck Commercial building Land (one acre) Total
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