Sharpe Machining Company purchased Industrial tools costing $$100,000,$ which fall in the $3-$year property class under MACRS. Use Appendix A and Exhibit $16-9$ for your reference Note: Use appropriate factor$($s$)$ from the tables provided. Required: $1.$ Prepare a schedule of depreciation deductions assuming: a$.$ The firm uses the accelerated depreciation schedule specified by MACRS b$.$ 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 $1.$ Sharpe Machining Company's after$-$tax hurdle rate is $12$ percent, and the firm's tax rate is $30$ percent.