Perepare a standard ASC 740 memorandum that indentifies the accounting rules and the tax rules for the following Schedule M difference for the tax workpapers for Fast Eddie's Cycling Enterprises, Inc. (our client, aka FECES) tax provision.

At the beginning of the year, FECES' tax accumulated depreciation was $1,298,000. Book accumulated depreciation was $289,000. Additions in 2017 were $450,000 and FECES uses straight line depreciation for book purposes and half year convention for book as well. There is no tax depreciation in 2017 for prior year additions. Book depreciation for 2017 for prior year additions is $144,500. If there is no schedule M difference, your memorandum should still explain both book and tax accounting treatment and why there is no schedule M difference.