The M&M Company purchased a new railroad tracks in 2018 at a cost of $ 167.000. M&M also paid $3500 to have the tracks delivered and installed. The annual operations and maintenance costs are $4500 per year. The tracks have an estimated useful life of 10 years. The salvage value of the tracks at the end of useful life of 10 years will be $5000. a)what is the cost basis of the tracks? (2 points) b). Prepare a depreciation schedule for tax purposes showing the depreciation allowance and corresponding book value each year. (18 points) c). Perform a quick estimation of the depreciation amount and prepare depreciation schedule for the tracks showing deprecation amount and book value for each year. (10 point) a) cost basis is 7yrs per pg.68 of the book