Dains Diamond Bit Drilling purchased the following assets this year

Connect C Secure I https:/ew cor pps Q Andrew Malinsa l QonMusic Contemp connect.htrri i tge ral * QChapter 5 Flashcand DQB 2015 My QR VewAll Clothing l MCTPrters inc lob- M for Talent Scirn e room 5 trivagncom r Back This window shows your responses and what was marked correct and incorrect from your previous attempt. The following information applies to the questions displayed below. Dain's Diamond Bit Drilling purchased the following assets this year. Purchase Original Basis $92,0ee Asset Date Drill bits (s-year) Drill bits (5-year) Commercial building Jan-29 Aug-11 Jun-11 Part 3 of 1 1e3,750 289,88 0/10 points awarded Assume its taxable income for the year was $75,500 for purposes of computing the 179 expense (assume no bonus depreciation). (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. Leave no answer blank. Enter zero if applicable.) Scored c. If the January drill bits, original basis was $2,390,000, what is the maximum amount of5179 expense Dain may deduct for the ea 2,390,000 nse 44 PM /2017