! Required information (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) January 29 $ 91,000 Drill bits (5-year) August 11 96,000 Commercial building June 11 240,000 Assume its taxable income for the year was $63,000 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 b. What is Dain's maximum depreciation deduction for the year (including $179 expense)? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Depreciation Deduction (including $179 expense) c. If the January drill bits' original basis was $2,885,000, what is the maximum amount of $179 expense Dain's may deduct for the year? $179 expense d. If the January drill bits' original basis was $3,885,000, what is the maximum amount of $179 expense Dain's may deduct for the year? Maximum 8179 expense