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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
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 $ for purposes of computing the $ expense assume no bonus
depreciationUse MACRS Table Table Table Table and Table
Note: Leave no answer blank. Enter zero if applicable.
b What is Dain's maximum depreciation deduction for the year including $ expense
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Depreciation Deduction including expense
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