Dains Diamond Bit Drilling purchased the following assets this year.

PurchaseOriginal

AssetDateBasis

Drill bits (5-year)Mar-28$106,000

Drill bits (5-year)Aug-18 130,500

Commercial buildingJun-02 283,000

Assume its taxable income for the year was $61,750 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.)

a. What is the maximum amount of 179 expense Dain's may deduct for the year?