Dain's Diamond Bit Drilling purchased the following assets this year. Assume its taxable income for the year was $53,000 for purposes of computing the $179 expense (assume no bonus depreciation). a) What is the maximum amount of $179 expense Dain's may deduct for the year? b) What is Dain's maximum depreciation deduction for the year (including $179 expense)? c) If the January drill bits' original basis was $2,875,000, what is the maximum amount of $179 expense Dain's may deduct for the year? d) If the January drill bits' original basis was $4,275,000, what is the maximum amount of $179 expense Dain's may deduct for the year