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You received no credit for this question in the previous attempt. Check my work VI Required information [The following information applies to the questions displayed

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You received no credit for this question in the previous attempt. Check my work VI Required information [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 January 25 July 25 April 22 Original Basis $ 90,500 98,500 286,000 Assume its taxable income for the year was $64,250 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 5179 expense)? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Depreciation Deduction (including $179 expense) $ 68.228 sty 9 17

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