Question: Table 1 MACRS Half - Year Convention begin { tabular } { | l | l | l | l | l | l
Table MACRS HalfYear Convention begintabularlllllllhline multicolumncDepreciation Rate for Recovery Periodhline & Year & Year & Year & Year & Year & Year hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline Year & & & & & & hline endtabular Required information
Problem LO Algo
The following information applies to the questions displayed below.
At the beginning of the current year, Poplock began a calendaryear dog boarding business called Griff's Palace. Poplock bought and placed in service the following assets during the year:
Assuming Poplock does not elect S expensing and elects not to use bonus depreciation, answer the following questions: Use MACRS Table Table Table Table and Table
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.
Problem Part a Algo
Required:
a What is Poplock's year depreciation deduction for each asset?Depreciation Deduction TABLE a MACRS MidQuarter Convention: For property placed in service during the first quarter
TABLE b MACRS MidQuarter Convention: For property placed in service during the second quarter
TABLE c MACRS MidQuarter Convention: For property placed in service during the third quarter
TABLE d MACRSMid Quarter Convention: For property placed in service during the fourth quarter
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