please answer the question clearly show all steps and box final answer orgnized.

Exercise 16-33 Depreciation Tax Shield (Section 2) (LO 16-4, 16-5) Sharpe Machining Company purchased industrial tools costing $180,000, 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.) 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 6 percent, and the firm's tax rate is 30 percent. Complete this question by entering your answers in the tabs below. Req IA Reg 1B Reg 2 The firm uses the accelerated depreciation schedule specified by MACRS. (Round your final answers to the nearest dollar amount.) Year 1 2 Accelerated Depreciation $ 30,000 $ 60,000 $ 60,000 $ 30,000 3 4 The firm uses the optional straight-line depreciation method and the half-year convention (Round intermediate calculations and final answers to the nearest dollar amount.) Year 1 2 Straight-Line Depreciation $ 60,000 $ 80,010 $ 26,658 $ 13,338 3 4 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 6 percent, and the firm's tax rate is 30 percent. (Round intermediate calculations and final answers to the nearest dollar amount.) Under MACRS Accelerated depreciation Under MACRS Straight-line depreciation Present Value of Depreciation Tax Shield $ 46,533 $ 44,668 Exercise 16-33 Depreciation Tax Shield (Section 2) (LO 16-4, 16-5) Sharpe Machining Company purchased industrial tools costing $180,000, 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.) 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 6 percent, and the firm's tax rate is 30 percent. Complete this question by entering your answers in the tabs below. Req IA Reg 1B Reg 2 The firm uses the accelerated depreciation schedule specified by MACRS. (Round your final answers to the nearest dollar amount.) Year 1 2 Accelerated Depreciation $ 30,000 $ 60,000 $ 60,000 $ 30,000 3 4 The firm uses the optional straight-line depreciation method and the half-year convention (Round intermediate calculations and final answers to the nearest dollar amount.) Year 1 2 Straight-Line Depreciation $ 60,000 $ 80,010 $ 26,658 $ 13,338 3 4 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 6 percent, and the firm's tax rate is 30 percent. (Round intermediate calculations and final answers to the nearest dollar amount.) Under MACRS Accelerated depreciation Under MACRS Straight-line depreciation Present Value of Depreciation Tax Shield $ 46,533 $ 44,668