Dain's Diamond Bit Drilling purchased the following assets this year. Asset Drill bits (5-year) Drill bits (5-year) Commercial building Purchase Date January 25 July 25 April 22 Original Basis $ 106,000 130,500 283,000 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.) c. If the January drill bits' original basis was $2,509,500, what is the maximum amount of $179 expense Dain's may deduct for the year? $179 expense Dain's Diamond Bit Drilling purchased the following assets this year. Asset Drill bits (5-year) Drill bits (5-year) Commercial building Purchase Date January 25 July 25 April 22 Original Basis $ 106,000 130,500 283,000 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.) d. If the January drill bits' original basis was $8,019,500, what is the maximum amount of $179 expense Dain's may deduct for the year? Maximum $179 expense