7 1432 points At the beginning of Year 1. Copeland Drugstore purchased a new computer system for $200,000. It is expected to have a five-year life and a $30,000 salvage value. Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight line depreciation (2) Double-declining-balance depreciation b. Record the purchase of the computer system and the depreciation expense for the first year under straight-ine and double declining balance methods in a financial statements model Hint Put Complete this question by entering your answers in the tabs below. Reg A1 Reg AZ Reas Compute the depreciation for each of the five years, mauming that the company uses straight-line depreciation traight line Depreciation [Year 1 Year 2 Y3 Yoara Yaar Reg A2 > y-Dalance methods in a financial statements model, wwyt du double Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B Compute the depreciation for each of the five years, assuming that the company uses straight-line depreciation Straight-line Depreciation Year Year 2 Year 3 Year 4 Year 5 Raq Reg A2 > Complete this question by entering your answers in the tabs below. Reg A1 ReqB R.AZ Compute the dep Red A2 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.) Double-Doclining Balance Year 1 Year 2 Year 3 Year 4 Year 5 Req A1 ReqB> Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Red 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 financial statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). If an element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry) Show less Balance Sheet COPELAND DRUGSTORE Horizontal Statements Model Income Statement Stockholders Equity Not Revenue - Expenses - Retained Income Earnings Statement of Cash Flaws Aasta Book Value of - Cash Computer System Purchase of computer system Straight-Line Depreciation Double-Declining-Balance Depreciation