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

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Accounting

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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: Asset Cost Basis Date Acquired 3/23 Computer equipment $5,000 5/12 $7,000 Dog grooming furniture Pickup truck 9/17 $10,000 10/11 $290,000 Commercial building Land (one acre) 10/11 $80,000 Assuming Poplock elects to maximize his Section 179 deduction, how much Section 179 cost recovery can he take assuming he meets all the other requirements for deducting Section 179 and what is his MACRS deduction? Section 179 deduction:_ MACRS deduction:_ 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: Asset Cost Basis Date Acquired 3/23 Computer equipment $5,000 5/12 $7,000 Dog grooming furniture Pickup truck 9/17 $10,000 10/11 $290,000 Commercial building Land (one acre) 10/11 $80,000 Assuming Poplock elects to maximize his Section 179 deduction, how much Section 179 cost recovery can he take assuming he meets all the other requirements for deducting Section 179 and what is his MACRS deduction? Section 179 deduction:_ MACRS deduction:_

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