Date 139,750 feruired Information Dain's Diamond Bit Drining Purchased the following assets this year Purchase Assest Basis Drill biscoya January 25 5/12,500 Drill bits (s. yeurd July 25 Commericia Apoi 12? 313,000 building Assume its taxable income for the year was $58,500 for Propos OR computing the 8179 expense Cassume no bonus depeciatian cuse MACRS iTable & Table 3, Table y and Table 5.) (Leane an ans werbianic entor 2eso if applicable) Problem 10-59 part b(Algo) by what is Dain's maximum depreciation dedcutian For the year (including 179 2x pense, (Round your) intermediate Calcultion and final answer to the nearest whole dollar amayind.) Date 139,750 feruired Information Dain's Diamond Bit Drining Purchased the following assets this year Purchase Assest Basis Drill biscoya January 25 5/12,500 Drill bits (s. yeurd July 25 Commericia Apoi 12? 313,000 building Assume its taxable income for the year was $58,500 for Propos OR computing the 8179 expense Cassume no bonus depeciatian cuse MACRS iTable & Table 3, Table y and Table 5.) (Leane an ans werbianic entor 2eso if applicable) Problem 10-59 part b(Algo) by what is Dain's maximum depreciation dedcutian For the year (including 179 2x pense, (Round your) intermediate Calcultion and final answer to the nearest whole dollar amayind.)