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feruired Information Dain's Diamond Bit Drilling Purchased the following assets this year Purchase originy Assest Date Basis Drill biiscaya January 25 $ 120,500 Drill bits (s- yeur July 25 139,750 Commericia April 22 313,800 building Assure its taxable income for the year was $58,000 for Puropos! OR computing the 18179 expense Cassumeno bonus depreciatian- cuse MACRSITable & Table 3, Table y and Table s.) (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 yours) intermediate Calcultion and final answer to the nearest whole dollar amound.) CS Scanned with CamScanner feruired Information Dain's Diamond Bit Drilling Purchased the following assets this year Purchase originy Assest Date Basis Drill biiscaya January 25 $ 120,500 Drill bits (s- yeur July 25 139,750 Commericia April 22 313,800 building Assure its taxable income for the year was $58,000 for Puropos! OR computing the 18179 expense Cassumeno bonus depreciatian- cuse MACRSITable & Table 3, Table y and Table s.) (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 yours) intermediate Calcultion and final answer to the nearest whole dollar amound.) CS Scanned with CamScanner