ANSWER NEEDED URGENTLY! Will Rate!

Question 3 (15 Points): A construction company purchased a tower crane for $300,000 to avoid renting expenses. The company would like to report the crane's depreciation as shown in the table below over a useful life of 7 years. The table below shows the annual book values and depreciation charges. The expected market value at the end of the service life is $25,000. a) Complete the table below using 150%-declining-balance method. b) Determine when the company need to switch to a straight-line model to have a book value equal to the expected market value at the end of the useful life. c) What is the annual book value after switching? **Show calculations for at least one row in the table Depreciation Year Book Value Charge 0 300000 1 235714 64,286 2. 185204 50,510 3 145517 39,687 4. 114335 31,182 5 89835 24,500 6 7