At the beginning of Year $1,$ Copeland Drugstore purchased a new computer system for $$85,000.$ It is expected to have a five$-$year life

and a $$15,000$ 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 double$-$

declining$-$balance methods in a financial statements model.

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

Req A$2$

Req 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.$)$