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Business, 05.05.2021 19:00 malaysiasc93

At the beginning of the 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: Date Cost
Asset Acquired Basis
Computer equipment 3/23 $5,000
Dog grooming furniture 5/12 7,000
Pickup truck 9/17 10,000
Commercial building 10/11 270,000
Land (one acre) 10/11 80,000
Assuming Poplock does not elect §179 expensing or bonus depreciation, answer the following questions: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answers to the nearest whole dollar amount.)
a. What is Poplock’s year 1 depreciation expense for each asset? (Leave no answer blank. Enter zero if applicable.)
b. What is Poplock’s year 2 depreciation expense for each asset? (Leave no answer blank. Enter zero if applicable.)

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At the beginning of the year, Poplock began a calendar-year dog boarding business called Griff's Pal...
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