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! Required information [ The following information applies to the questions displayed below. ] Dain's Diamond Bit Drilling purchased the following assets this year. Assume

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Required information
[The following information applies to the questions displayed below.]
Dain's Diamond Bit Drilling purchased the following assets this year.
Assume its taxable income for the year was $76,000 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.
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.
Depreciation Deduction (including 179 expense)
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