Requlred Informatlon The following information applies to the questions displayed below. Dain's Diamond Bit Drilling purchased the following assets this year. Original Basis s118,588 118,758 386,808 Purchase Date Asset Drill bits (5-year) Drill bits (5-year) Commercial building Feb-11 Sep-13 Apr-e8 Assume its taxable income for the year was $57,000 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 appllcable.) a. What is the maximum amount of $179 expense Dain may deduct for the year