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t the beginning of the current year, Poplock began a calendar-year dog boarding business called...

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Accounting

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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