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Business, 14.04.2020 22:35 vant

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 Date Acquired Cost Basis

Computer equipment 3/23 $6,000
Dog grooming furniture 5/12 $7,000
Pickup truck 9/17 $10,000
Commercial building 10/11 $280,000
Land (one acre) 10/11 $80,000

a. Assuming Poplock does not elect §179 expensing or bonus depreciation, what is Poplock?s year 1 depreciation expense for each asset?
b. Assuming Poplock does not elect §179 expensing or bonus depreciation, what is Poplock's year 2 depreciation expense for each asset?

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