A. If the January drill bits original basis was $2,375,000, what is the maximum amount of 179 expense Dain may deduct for the year?

179 expense =$

B. If the January drill bits basis was $2,495,000, what is the maximum amount of 179 expense Dain may deduct for the year?

179 expense =$

Already asked this question before A. is not $30,000 and B. is not $488,400

Required information The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. The following information Purchase Original Asset Date Basis Drill bits (5-year) Drill bits (s-year) Commercial building July 25 April 22 anuary 25 90,eee 95,000 220,000 Assume its taxable income for the year was $53,000 for purposes of computing the 5179 expense (assume no bonus depreciation). (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5 (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount Leave no answer blank. Enter zero if applicable.) Required information The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. The following information Purchase Original Asset Date Basis Drill bits (5-year) Drill bits (s-year) Commercial building July 25 April 22 anuary 25 90,eee 95,000 220,000 Assume its taxable income for the year was $53,000 for purposes of computing the 5179 expense (assume no bonus depreciation). (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5 (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount Leave no answer blank. Enter zero if applicable.)