Dains Diamond Bit Drilling purchased the following assets this year. Purchase Original Asset Date Basis Drill bits (5-year) Feb-16 $ 96,500 Drill bits (5-year) Sep-22 98,250 Commercial building May-20 314,000 Assume its taxable income for the year was $58,750 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.)

Use 2018 tax rules & tables.

c. If the February drill bits original basis was $2,399,000, what is the maximum amount of 179 expense Dain may deduct for the year?