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At the beginning of the current year, Poplock began a calendar-year dog boarding business called...

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Accounting

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 Cost Basis
Computer equipment 3/23 $ 6,800
Dog-grooming furniture 5/12 8,800
Pickup truck 9/17 10,000
Commercial building 10/11 288,000
Land (one acre) 10/11 98,000

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.)

Note: 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?

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

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