At the beginning of Year $1,$ Copeland Drugstore purchased a new computer system for $$52,000.$ It is expected to have a five$-$year life and a $$7,000$ salvage value.

$

$52,000$

$

$7,000$

$5$

Required:

a$-1.$ Compute the depreciation, assuming that the company uses straight$-$line depreciation.

Straight$-$line depreciation

a$-2.$ 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. You may enter the hardcoded number $"2"$ when calculating the depreciation expense.

Depreciation

Expense

Year $1$

Year $2$

Year $3$

Year $4$

Year $5$