Check my work Required information [The following information applies to the questions displayed below.) Dain's Diamond Bit Drilling purchased the following assets this year. Original Asset Purchase Date Basis Drill bits (5-year) March 03 $ 90,800 Drill bits (5-year) July 17 95,800 Commercial building May-26 236,000 Assume its taxable income for the year was $61,000 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.) 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.) Depreciation Deduction (including $179 expense) $ CD