Dains Diamond Bit Drilling purchased the following assets this year. Purchase Original Asset Date Basis Drill bits (5-year) Jan-08 $ 90,500 Drill bits (5-year) Jul-15 98,500 Commercial building Apr-13 286,000 Assume its taxable income for the year was $64,250 before deducting any 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 answer blank. Enter zero if applicable.) a. What is the maximum amount of 179 expense Dain may deduct for the year? b. What is Dains maximum depreciation expense for the year (including 179 expense)? c. If the January drill bits original basis was $2,396,000, what is the maximum amount of 179 expense Dain may deduct for the year?

d. If the January drill bits basis was $2,516,000, what is the maximum amount of 179 expense Dain may deduct for the year?