Dain's Diamond Bit Drilling purchased the following assets this year.

Asset Purchase Date Original Basis

Drill bits (5-year) February 20 $ 91,800

Drill bits (5-year) August 20 96,800

Commercial building May-15 256,000

Assume its taxable income for the year was $71,000 for purposes of computing the 179 expense (assume no bonus depreciation). (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

b. What is Dain's maximum depreciation deduction for the year (including 179 expense)? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

c. If the February drill bits' original basis was $2,893,000, what is the maximum amount of 179 expense Dain's may deduct for the year?

d. If the February drill bits' original basis was $3,893,000, what is the maximum amount of 179 expense Dain's may deduct for the year?