11 Required information [The following information applies to the questions displayed below.] Part 4 of 4 Dain's Diamond Bit Drilling purchased the following assets this year. 0.5 points Asset Drill bits (5-year) Drill bits (5-year) Commercial building Purchase Date January 25 July 25 April 22 Original Basis $ 88,500 101,250 251,000 Skipped eBook Assume its taxable income for the year was $60,000 for purposes of computing the $179 expense (assume no bonus depreciation). (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Leave no answer blank. Enter zero if applicable.) Print References d. If the January drill bits' original basis was $12,164,000, what is the maximum amount of $179 expense Dain's may deduct for the year