An asset has a first cost of $25,000 and an expected life of 5 years. Calculate its depreciation and book value using Double Declining Balance with SL Switch (if necessary). Complete the following table with the correct numbers or text.

Instructions to complete the table:

1. Enter all numbers with 2 decimal places such as 12.32. Even if they are whole numbers like 1234, enter as 1234.00. Do NOT enter the dollar symbol or comma separators.

2. After you have switched to SL, enter 0.00 as the value for DDB Depreciation for the remainder of the problem.

n	Bn-1	DDB Depreciation	SL Depreciation	Bn
1	25000.00
2
3
4
5				0.00