Required information [The following information applies to the questions displayed below. Dain's Diamond Bit Drilling purchased the following assets this year PurchaseOriginal Date Asset Drill bits (5-year) Drill bits (5-year) Commercial building Jan-27 Sep-19 Apr-18 Basis 136,500 144,250 241,000 Assume its taxable income for the year was $67,000 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 5179 expense Dain may deduct for the year? $179 expense