Trenton Fabrication Company purchased industrial tools costing $150,000, which fall in the 3-year property class under MACRS Use Appendix A and Exhibit 16-9 for your reference. (Use appropriate factor(s) from the tables provided.).(Round your final answers to the nearest dollar amount.) Required: 1. Prepare a schedule of depreciation deductions assuming: a. The fim uses the acelerated depreciation schedule specifled by MACRS Accelerated Depreciation Year 2 4 b. The firm uses the optional straight-line depreciation method and the half-year convention. Year Straight-Line Depreciation 4 2. Calculate the present value of the depreciation tax shield under each depreciation method listed in part 1). Trenton Fabrication Company's after-tax hurdle rate is 14 percent, and the firm's tax rate is 30 percent. Present Value of Depreciation Tax Shield Under MACRS Accelerated depreciation Under MACRS Straight-line depreciation