t the beginning of the current year, Poplock began a calendar-year dog boarding business called...
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t 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 |
A. Assuming Poplock does not elect 179 expensing or bonus depreciation, what is Poplocks year 1 depreciation expense for each asset?
B. Assuming Poplock does not elect 179 expensing or bonus depreciation, what is Poplocks year 2 depreciation expense for each asset?
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