Dains Diamond Bit Drilling purchased the following assets this year.

	Purchase	Original
Asset	Date	Basis
Drill bits (5-year)	Jan-23	$	125,500
Drill bits (5-year)	Sep-21		130,750
Commercial building	May-17		319,000

Assume its taxable income for the year was $57,750 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.)

a. What is the maximum amount of 179 expense Dain may deduct for the year?

179 expense----------------------?

b. What is Dains maximum depreciation deduction for the year (including 179 expense)? (Round your intermediate calculations to the nearest whole dollar amount.)

Depreciation Expenses (Including 179 expense)----------------------?

c. If the January drill bits original basis was $2,378,000, what is the maximum amount of 179 expense Dain may deduct for the year?

179 expense-------------------------?

d. If the January drill bits basis was $6,638,000, what is the maximum amount of 179 expense Dain may deduct for the year?

179 expense-------------------------?