Prepare a standard ASC 740 memorandum identifying the accounting rules and tax rules for the following Schedule M difference for tax working papers for the tax provision of Fast Eddie's Cycling Enterprises, Inc. (our client, also known as FECES).

At the beginning of the year, the accumulated fiscal depreciation of FECES was $1,298,000. Accumulated book depreciation was $289,000. Additions in 2017 were $450,000 and FECES uses straight-line depreciation for accounting purposes and the mid-year convention for accounting books as well. There is no tax depreciation in 2017 for additions from prior years. The accounting depreciation for 2017 for prior year additions is $144,500. If there is not a difference on Schedule M, your memo should still explain the accounting and tax accounting treatment and why there is not a difference on Schedule M.