Ellis Manufacturing, Inc. is considering whether to buy property insurance for their fully depreciated warehouse or to retain the risk. Explain how each of the following factors might make the insurance option more attractive than retention. a. progressive corporate income tax rates tax treatment of depreciated property. b. Ellis Manufacturing, Inc. is considering whether to buy property insurance for their fully depreciated warehouse or to retain the risk. Explain how each of the following factors might make the insurance option more attractive than retention. a. progressive corporate income tax rates tax treatment of depreciated property. b