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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

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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.
c. If the January drill bits' original basis was $2,898,000, what is the maximum amount of 179 expense Dain's may ded the
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