Dains Diamond Bit Drilling purchased the following assets this year.

	Purchase	Original
Asset	Date	Basis
Drill bits (5-year)	January 25	$	102,500
Drill bits (5-year)	July 25		113,250
Commercial building	April 22		266,000

Assume its taxable income for the year was $55,250 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.)

c. If the January drill bits original basis was $2,491,500, what is the maximum amount of 179 expense Dain's may deduct for the year?