1 2 At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $52,000. It is expected to have a five-year life and a $7,000 salvage value. 3 4 5 Required (1) Compute the depreciation for each of the five years, assuming that the company uses straight-line depreciation. Note: Use cell references from the given information above to complete this question. 8 9 Straight-line depreciation for each year 10 11 (2) Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation. 12 6 7 13 Note: Use cell references from the given information above to complete this question. 14 Note: Leave no cell blank. 15 16 17 Year 1 18 Year 2 19 Year 3 20 Year 4 21 Year 5. $9,000 27 28 29 Double-Decli Ding- ning-Balance 22 23 b. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double-declining-balance methods in a horizontal statements model. 24 25 Note: Use cell references from the given information above to complete this question. 26 30 Assets Balance Sheet COPELAND DRUGSTORE Horizontal Statements Model Stockholders' Equity Retained $52,000 $7,000 Income Statement 5. c prep the journal entries to recognize depreciation for each of the five years, assuming that the company use a straight line depreciation. See to prep the journal entries to recognize depreciation for each of the five years assuming that Company is double declining balance depreciation.

Note: Use cell references from the given information abeve to complete this question. (2) Compute the depreciation for each of the fwo years, arsuming that the compary uses double decining balance depreciabion. Note: Use celi references from the given information above to complete this question. Noter Leave no cell blank. 25 Note: Use cell references from the given information above to complete this question. (1) Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses straight-line depreciation. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Note: Use cell references from the given information above to complete this question. 46 ciz) Prepare the journal entries to recognize depreciaton for each of the five years, assuming that the compary uses double-declining-balance depreciation. 47 Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. 48. Note: Use cell references from the ghven information above to complete this question. 21 thens income strocement. Anati Stocholden' touer