At the beginning of Year $1,$ Copeland Drugstore purchased a new computer system for $$120,000.$ It is expected to have a five$-$year life and a $$20,000$ salvage value.

Required

a$.$ Compute the depreciation for each of the five years, assuming that the company uses

$(1)$ Straight$-$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.

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Req B

Compute the depreciation for each of the five years, assuming that the company uses straight$-$line depreciation.

$\backslash$table$[[,\backslash$table$[[$Straight$-$line$],[$Depreciation$]]],[$Year $1,],[$Year $2,],[$Year $3,],[$Year $4,],[$Year $5,]]$