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Check my wor 9 Required information [The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year.
Check my wor 9 Required information [The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. Part 2 of 4 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 0.5 points Skipped 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.) eBook Print References b. What is Dain's maximum depreciation deduction for the year (including $179 expense)? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
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