At the beginning of Year $1,$ Copeland Drugstore purchased a new computer system for $$290,000.$ It is expected to have a five$-$year life and a $$40,000$ 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$-$line and doubledeclining$-$balance methods in a financial statements model.

Complete this question by entering your answers in the tabs below.

Req A$1$

Compute the depreciation for each of the five years, assuming that the company uses double$-$declining$-$balance depreciation.

Note: Leave no cells blank $-$ be certain to enter $"0"$ wherever required.

$\backslash$table$[[,\backslash$table$[[$Double$-$Declining$],[$Balance$]]],[$Year $1,$$$,116,000],[$Year $2,$$$,69,600],[$Year $3,$$$,41,760],[$Year $4,$$$,8,352],[$Year $5,$$$,0]]$