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

Purchase price = $540,000 Purchase date = Jan 1, 2018

Useful life = 5 years Salvage value = $140,000

Complete the numbered spaces in the following table using the straight-line method.

Year	Remaining value at beginning of year	Depreciation	Remaining value at end of year
2018
2019
2020
2021
2022
2023

Complete the numbered spaces in the following table using the 200% Declining Balance method.

Year	Remaining value at beginning of year	Depreciation	Remaining value at end of year
2018
2019
2020
2021
2022
2023

Complete the numbered spaces in the following table using the 150% Declining Balance 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) \begin{tabular}{lllll} \hline Year & 3-Year & 5-Year & 7-Year & 20-Year \\ 1 & 25.0% & 15.00% & 10.71% & 3.750% \\ 2 & 37.5 & 25.50 & 19.13 & 7.219 \\ 3 & 25.0 & 17.85 & 15.03 & 6.677 \\ 4 & 12.5 & 16.66 & 12.25 & 6.177 \\ 5 & & 16.66 & 12.25 & 5.713 \\ 6 & & 8.33 & 12.25 & 5.285 \\ 7 & & & 12.25 & 4.888 \\ 8 & & & 6.13 & 4.522 \end{tabular}