[The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. Asset Drill bits (5-year) Drill bits (5-year) Commercial building Purchase Date Jan-24 Aug-07 Jun-12 Original Basis $ 109,000 121,500 263,000 Assume its taxable income for the year was $54.000 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.) o. What is the maximum amount of 5179 expense Dain's may deduct for the year? 5179 expense b. What is Dain's maximum depreciation deduction for the year (including 6179 expense)? (Round your intermediate calculations to the nearest whole dollar amount.) Depreciation expense, including 5175 expense) | c. If the January drill bits original basis was $2,485,000, 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 $31,505,000, what is the maximum amount of 179 expense Dain's may deduct for the year? 5179 expense [The following information applies to the questions displayed below.) Dain's Diamond Bit Drilling purchased the following assets this year Asset Orill bits (5-year) Drill bits (5-year) Commercial building Purchase Date Jan-24 Aug-07 Jun 17 Original Basis $ 109,000 121,500 263,000 Assume its taxable income for the year was $54,000 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 6179 expense Dain's may deduct for the year? b. What is Dain's maximum depreciation deduction for the year (including $179 expense)? (Round your intermediate calculations to the nearest whole dollar amount.) Depreciation expense (including 5179 expense) c. If the January drill bits' original basis was $2,485,000, what is the maximum amount of 8179 expense Dain's may deduct for the year? 5179 expenso d. If the January drill bits original basis was $31.505.000, what is the maximum amount of 5179 expense Dain's may deduct for the year? 5179 expense