! Required information [The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. Original Basis Asset Drill bits (5-year) Drill bits (5-year) Commercial building Purchase Date $ 91,800 96,800 256,000 25-Jan 25-Jul 22-Apr Assume its taxable income for the year was $71,000 for purposes of computing the 179 expense (assume no bonus depreciation). (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Leave no answer blank. Enter zero if applicable.) a. What is the maximum amount of 179 expense Dain's may deduct for the year? 179 expense