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Required information Problem 10-59 (LO 10-2, LO 10-3) (Algo) The following information applies to the questions displayed below.) Dain's Diamond Bit Drilling purchased the following

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Required information Problem 10-59 (LO 10-2, LO 10-3) (Algo) The following information applies to the questions displayed below.) Dain's Diamond Bit Drilling purchased the following assets this year. Original Asset Purchase Date Basis Drill bits (5-year) Jan-25 $ 90,300 Drill bits (5-year) Jul-25 95,300 Commercial building Apr-22 226,000 Assume its taxable income for the year was $56,000 for purposes of computing the 5179 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.) Problem 10-59 Part b (Algo) b. What is Dain's maximum depreciation deduction for the year (including 5179 expense)? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Depreciation Deduction (including 5179 expanse)

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