Second case #1: CRV Corp manufactures small plastic fittings for plumbing applications. They have accepted a new contract to provide a wide range of custom plastic fittings. To service the contract, CRV purchases a new, highly complex plastic injection molding machine. CRV's fiscal year coincides with the calendar year. The machine is installed and operational as of July 1, 2015. CRV provides the following data: 1. Purchase price of machine: 2. Shipping and installation: 3. Training costs: 4. Useful life: 5. Estimated salvage: $275,000 $ 45,000 $ 15,000 5 years $ 12,500 Required: 1. Prepare a depreciation schedule showing Net Book value (beginning and ending), depreciation expense, and accumulated depreciation for the asset. Hint: pay attention to dates of acquisition and fiscal year. Prepare one schedule for each method: a. Straight-line b. Double-declining balance (use the "Factor column" for the DDB depreciation % Excel Format Year Depreciation expense Accumulated Depreciation NBV beg Factor NBV ending 2. Qualitative analysis: CRV Company receives an offer of $159,000 for the machine in December, 2018. a. What factors should CRV Company consider in determining whether to sell or keep the machine? b. Evaluate the implication on taxable income under each deprecation method assuming CRV sells the machine at the end of December 2018. Use $ values to support your support your written narrative