Consider the purchase of a new grain bin for Green Acres Farm. The specific information is:

Purchase price = $300,000.00

Useful life = 5 years

Purchase date is Jan 1, 2018

Salvage value = $75,000.00

Complete the numbered spaces in the following table using the 150% declining balance method.

year	Remaining value at the beginning of the year	depreciation	remaining value at the end of the year
2018	______	________
2019
2020		________
2021
2022		________	_____________
2023		________

Complete the numbered spaces in the following table usingthe 150% declining balnmce MACRS method.

year	remaining value at beginning of year	depreciation	remaining value at end of year
2018	____________	_________
2019
2020		_________
2021
2022		_________	_______________
2023		_________

Table 7-2. 150% Declining Balance Method (Half-Year Convention) Year 3-Year-5-Year 7-Year 20-Year 25.046 15.00% 10.71% 3 750% 37.5 25.50 19 13 7 219 25.017.85 15.03 6.677 12.5 16.66 12 25 6. 177 10.66 12 25 5.713 12 25 5.285 4 888 6,13 4.522 nh 0