Dain's Diamond Bit Drilling purchased the following assets this year. Assume its taxable income for the year was $53,000 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. a. What is the maximum amount of 179 expense Dain's may deduct for the year? 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. Dain's Diamond Bit Drilling purchased the following assets this year. Assume its taxable income for the year was $53,000 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. a. What is the maximum amount of 179 expense Dain's may deduct for the year? 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