Dain's Diamond Bit Drilling purchased the following assets this year. Asset Drill bits (5-year) Drill bits (5-year) Commercial building Purchase Date Mar-03 Jul-17 May-26 Original Basis $ 90,800 95,800 236,000 Assume its taxable income for the year was $61,000 for purposes of computing the 179 expense (assume no bonus depreciation). (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.) Note: Leave no answer blank. Enter zero if applicable. Depreciation Deduction (including 179 expense) b. What is Dain's maximum depreciation deduction for the year (including 179 expense)? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. $ 97,613

Dain's Diamond Bit Drilling purchased the following assets this year. Assume its taxable income for the year was $61,000 for purposes of computing the $179 expense (assume no bonus depreciation). (Use MACRS Table 1. Table 2. Table 3. Table 4, and Table 5.) Note: Leave no answer blank. Enter zero if applicable. b. What is Dain's maximum depreciation deduction for the year (including $179 expense)? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount