Consider the purchase of a new depreciable asset. The specific information is: Purchase Price = $70,000.00, Purchase Date = January 1, 2018, Useful Life = 5 years, Salvage Value = $7,000.00. Fill in the noted values using the 150% declining balance method. In the space provided enter just the dollar amount without commas or the dollar sign. Round to whole dollar values.

Year, Remaining value at the beginning of year, Depreciation, Remaining value at end of year

2018

2019

2020

2021

2022

2023