At the beginning of the year, Poplock began a calendar-year dog boarding business called Griffs...
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Accounting
At the beginning of the year, Poplock began a calendar-year dog boarding business called Griffs 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 furniture5/12 $ 7,000
Pickup truck 9/17 $ 10,000
Commercial building 10/11 $260,000
Land (one acre) 10/11 $ 80,000
Assuming Poplock does not elect 179 expensing or bonus depreciation, what is Poplocks year 1 depreciation expense for each asset?
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