Trenton Fabrication Company purchased industrial tools costing $190,000, which fall in the 3-year property class under MACRS. Required: 1. Prepare a 4 year 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 part (1). Trenton Fabrication Companys after-tax hurdle rate is 8 percent, and the firms tax rate is 30 percent.