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What is Poplock depreciation deduction for each asset

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Question - 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:

Date Cost Asset Acquired Basis Computer equipment

3/23 $7,200 Dog-grooming furniture

5/12 9,200 Pickup truck

9/17 10,000 Commercial building

10/11 292,000 Land (one acre)

10/11 102,000

Assuming Poplock does not elect §179 expensing and elects not to use bonus depreciation, answer the following questions:

a. What is Poplock's year 1 depreciation deduction for each asset?

b. What is Poplock's year 2 depreciation deduction for each asset?

Reference no: EM132489893

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