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: Date Cost Asset Acquired Basis Computer equipment 3/23 $ 7,000 Dog-grooming furniture 5/12 9,000 Pickup truck 9/17 10,000 Commercial building 10/11 290,000 Land (one acre) 10/11 100,000 Assuming Poplock does not elect 179 expensing and elects not to use bonus depreciation, answer the following questions
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