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! Required information (The following information applies to the questions displayed below) 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 $ 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 5179 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.) (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? Asset Depreciation Deduction Computer equipment Dog-grooming furniture Pickup truck Commercial building Land (one scre) Total 8.55 Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year Year 1 33.33% 20.00% 14.29% 10.00% 5.00% Year 2 44.45 32.00 24.49 18.00 9.50 Year 3 14.81 19.20 17.49 14.40 Year 4 7.41 11.52 12.49 11.52 7.70 Year 5 11.52 8.93 9.22 6.93 Year 6 5.76 8.92 7.37 6.23 Year 7 8.93 6.55 5.90 Year 8 4.46 6.55 5.90 Year 9 6.56 5.91 Year 10 6.55 5.90 Year 11 3.28 5.91 Year 12 5.90 Year 13 5.91 Year 14 5.90 Year 15 5.91 Year 16 2.95 Year 17 Year 18 Year 19 20-Year 3.750% 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 Year 20 Year 21 TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year 6 1.38 8.74 Year 7 8.75 Year 8 1.09 TABLE 25 MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 8 3.34 TABLE 26 MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00% 10.71% Year 2 34.00 25.51 Year 3 20.40 18.22 Year 4 12.24 13.02 Year 5 11.30 9.30 Year 6 7.06. 8.85 Year 7 8.86 Year 8 5.53 TABLE 20 MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 5.00% 3.57% Year 2 38.00 27.55 Year 3 22.80 19.68 Year 4 13.68 14.06 Year 5 10.94 10.04 Year 6 9.58 8.73 Year 7 8.73 Year 8 7.64 Month 8 13645 3.636 58520 9E9E 99 E 99 E 99 9E9 LESE 99 LESE 99 LEYE 969 919 LESE 99 E 289 99 99 E E 99 LEVE Month 9 Month 10 Month 11 Month 12 1.0615 04554 0.1525 3.636 3.636 3,636 3.637 3.636 3637 3.637 3636 3.636 3.637 3637 3.636 99 99E LESE 909 3.637 3.636 3637 LES 99 E 99 E LESE 99 LESE LESE 99 99 989 LE9 99 99 LESE 99 919 LE9 99 E LESE 9.9E LEVE 99 LIVE 99 E 999 99 LEWE NEVE LESE LESE SEVE 3.636 3.637 LESE 3.637 3.637 ZEE TABLE 3 Residential Rental Property Mid-Month Convention Straight Line Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Year 1 3.4856 3.1823 2.8795 2576% 2.27396 1970% 16676 Year 2.9 3636 3.636 3.636 3,636 Year 10 3.637 3.637 Year 11 3.636 3.636 3.636 3.637 Year 12 3617 3637 3.637 3.637 Year 13 3.636 Year 14 3637 3637 Year 15 3637 Year 16 3.637 3.637 3637 3.637 3.636 Year 17 3636 3636 3.636 Year 18 3.637 3.637 Year 19 3.636 Year 20 3637 3.637 Year 21 3646 3.637 Year 22 3.637 1637 3637 3637 3636 Year 23 3.636 3646 3637 Year 24 3.637 3637 3637 Year 25 3632 Year 26 3637 3.637 3637 3637 3617 Year 27 3.636 3.636 3646 3617 Year 28 1.97 2.273 2.576 2.879 3.182 3485 Year 29 9E9E LES 99 LESE 989 9696 3.636 99 998 99 LEYE 9096 3637 3.617 LESE VE 99 LES 99 LEVE DEVE LESE 99 LIVE LEYE 969 LE9 969 LESE 3.637 3.636 3.636 VEYE LEYE LESE 99 LESE 996 ZEV LLYE 3.637 999 LE9 919 969 9690 99 LEVE 99 LESE 99 LEVE 99 909 ZESE 969 LIVE 3636 3.637 3.636 3617 919 3637 3616 3.637 99 99 LESE 99 3.636 9696 3.636 3,637 LES 99 99 99 LEYE 9 LESE 991 919 991 99 LIVE 99 LIVE 9EVE VE LESE 99 E 3637 3637 LEY SEVE LEVE 99 SSTO 909 99 99 3636 99 VE STO 1667 0.758 1.364 1901 M Mon 1 M M Meth C DEID 3125 Math 11 0397 3.195 3175 Mech 1 Month 2 57851 Moth 1190 3195 3175 Month 10 06615 1125 3175 1175 Meth 250 3175 3175 STE Most 4 230 3195 3114 SLIE 3.125 3.125 Seart Sear33 Sear DEGE FIE ELTE RIE 3.175 PLC PIE 3175 3174 3175 3.174 TIE 3.175 3175 3174 3.175 3174 3175 3.174 3.125 PIE 3195 3174 3175 3174 1175 3.194 3125 3.125 SLIE Sear10 SLIE PE PE SLIE Var 12 3194 3.175 34 3125 314 3.194 3195 3.114 3173 24 3.135 1174 3.175 3174 3195 3174 3174 3195 3174 3.175 3170 3125 3.174 3.175 3.174 1195 375 3174 3175 3.10 3.15 3.174 1175 114 3.175 3.174 1125 PIE SLEC 3195 3.194 1.195 3.174 3175 3114 3175 IN 195 3194 SLIE 1174 3.175 3.175 Year 14 Varis V16 Var Vars Sear KIE 3.114 SLEE Most Poperty Placed in Service Meth Month Moth 1720 14555 3.125 3.125 3.174 3175 3175 3.174 3175 3134 3195 3174 3175 3.174 3195 3174 3174 3195 1174 3.175 3.194 3.195 3195 3194 3175 3.174 3175 3174 3175 3174 1174 3195 3195 3194 3.175 3.114 3175 3174 3175 1174 3.175 3.175 3194 1135 3194 3.175 194 3.175 3.12 1175 3194 3175 1194 3175 3195 3394 1195 3194 27 3.175 SLEE 3174 13 3174 3175 1154 3195 3.194 1175 3.174 3175 3.174 175 3.174 3.174 3.179 SIE PLIE 194 2175 3.175 314 PE PIE SCHE PLIE SETY PIE SIE PLE SITE DIE 3114 3.175 1194 1125 3.194 175 3194 3175 3194 3.175 3134 3175 3134 3175 3174 3125 3194 3.174 3195 3114 3175 3.174 3175 3174 3175 3174 3175 1175 3.194 3.15 1174 3175 3190 3195 1972 3.174 Ver 23 Ver23 Ver Var 25 Year 26 3 174 PIE 3.129 3194 1.175 3.175 3194 3175 3.195 3174 3195 1174 3.195 33 SLIC 3194 PLE SLIE PCIE SLI 3.1 3.195 1174 3175 314 3.15 3194 1,455 NIE Ver 3134 3.195 1174 BITS 1194 3175 10 2.173 1114 SLEE PIE 3125 3174 194 3.175 3.14 3175 3194 1194 315 3194 3194 19 3114 114 3175 SLIE SELE 1194 0926 0611 14 170 2513 CCIO LEO W! ga A A X-GO IDO TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line -9 Years (for assets placed in service on or after May 13, 1993) Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Month $ Month Month 7 Month Month Year 1 22474 20335 18194 1.1919 1.1975 0.9 074999 Year 2-39 2.564 2564 2564 2564 3564 3564 2.564 2564 2564 Year 40 0.107 0321 0315 0.749 0.963 1.127 1.391 Month 10 OSIS 3564 2013 Month 11 0.121 2564 2241 Month 12 0.107 2564 22461

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