Dains Diamond Bit Drilling purchased the following assets this year. Purchase Original Asset Date Basis Drill bits (5-year) Feb-20 $ 115,000 Drill bits (5-year) Aug-20 118,500 Commercial building May-15 299,000 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.) (Leave no answer blank. Enter zero if applicable.)

c. If the February drill bits original basis was $2,502,000, what is the maximum amount of 179 expense Dain's may deduct for the year?

d. If the February drill bits original basis was $28,742,000, what is the maximum amount of 179 expense Dain's may deduct for the year?