Chapter 10, Problem 46P

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:

Assuming Poplock does not elect §179 expensing and elects not to use bonus depreciation, answer the following questions:

1. a) What is Poplock’s year 1 depreciation deduction for each asset?
2. b) What is Poplock’s year 2 depreciation deduction for each asset?