Dains Diamond Bit Drilling purchased the following assets this year:

Asset	Purchase Date	Original Basis
Drill bits (5-year)	January 27	$	136,500
Drill bits (5-year)	September 19		144,250
Commercial building	April 18		241,000

Assume its taxable income for the year was $67,000 before deducting any 179 expense (assume no bonus depreciation but assume that the 2014 179 limits are extended to 2015). (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.

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)?