! Required information [The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. Original Basis Asset Purchase Date 25-Jan Drill bits (5-year) Drill bits (5-year) 25-Jul $ 91,800 96,800 256,000 Commercial building 22-Apr Assume its taxable income for the year was $71,000 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.) 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) 28,177