#3 Keep format

At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $130,000. it is expected to have a five-year lfe and a $20,000 salvage value. Required a. Compute the depreciation for esch of the five years, assuming that the company uses (1) Straight-line depreciation. (2) Double-decining balance depreciation. b. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and doubledeclining-balance methods in a financial statements modet. Complete this question by entering your answers in the tabs below. Compute the depreciation for each of the five years, assuming that the company uses straight-line depreciation. At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $130,000, it is expected to have a five-year life and a $20,000 salvage value. Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-ine depreciation. (2) Double-declining-balance depreciation. b. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and doubledeclining-balance methods in a financial statements model. Complete this question by entering your answers in the tabs below. Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation, (leave no cells blank - be certain to enter " 0 " wherever required.) At the beginning of Yeat 1, Copeland Orugstare purchased a new computer system for $130,000, if is expected to have a five-year Me and a $20,000 salvoge value. Reculred a. Compine the deprecietion for each of the eve years, assuming that the compsny uses (1) Straight-ine depreciation (2) Double-declining belance depreciatien b. Record the purchase of the computer system and the depreciaton expense for the fist yeat under sraight tine and double: declining-bulance methods in a financial statements model. Complete this questien by entering your answers in the tabs below. Record the purchace of the computer aviem and the deprecatien expense for the frot vear under dreoht-ine and double: Record the purchate of the computer aviem and the deprecavon expense for tse frst year whoer dreahtine and doubies