b. What is Dains maximum depreciation expense for the year (including 179 expense)?

c. If the February drill bits original basis was $2,402,000, what is the maximum amount of 179 expense Dain may deduct for the year?

Ch Required information The following information applies to the questions displayed below. Dain's Diamond Bit Drilling purchased the following assets this year Purchase Original Basis $ 115,08e 118,50e 299,000 Asset Date Drill bits (5-year) Drill bits (5-year) Commercial building Feb-20 Aug-20 May-15 Assume its taxable income for the year was $76,500 for purposes of computing the $179 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 aswerblank. Enter zero if applicable.) a. What is the maximum amount of S179 expense Dain may deduct for the year? S179 expense