I Exercise 1633 Depreciation Tax Shield Trenton Fabrication Company purchased industrial tools costing (Section 2) $110,000, which fall in the 3year property class under MACRS. (LO 165) Required: 1. Prepare a schedule of depreciation deductions assuming: 1. The rm uses the accelerated depreciation schedule specified by MACRS. 2. The firm uses the optional straight-line depreciation method and the half-year convention. 2. Calculate the present value of the depreciation tax shield under each depreciation method listed in requirement (1). Trenton Fabrication Company's after-tax hurdle rate is 12 percent, and the firm's tax rate is 30 percent