At the beginning of 2016, Copland Drugstore purchased a new computer system for 260,000. It is expected to have a five-year life and a $40,000 salvage value.

Record depreciation expense for year 1, 2, 3, 4, 5.

Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation. Straight-line depreciation (2) Double-declining-balance depreciation. Double- Declining Year 1 Year 2 Year 3 Year 4 Year 5