Required information [The following information applies to the questions displayed bolow) Dain's Diamond Bit Drilling purchased the following assets this year Assume its taxable income for the yoar was $63,000 for purposes of computing the $179 expense (assume no bonus depreciation) (Use MACRS Table 1. Table 2. Iable. 3. Table 4 and Table 5) Note: Leave no answer blank. Enter zero if applicable. a. What is the maximum amount of $179 expense Dain's may deduct for the year? 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 $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) Note: Leave no answer blank. Enter zero if applicable. b. What is Dain's maximum depreciation deduction for the year (including 5179 expense)? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Table 1 MACRS Half-Year Convention TABLE 3 Residential Rental Preperty MH-Menth Conventias Straight Lite -27.5 Yean