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At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $260,000. It is expected to have a five-year life and a

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At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $260,000. It is expected to have a five-year life and a $40,000 salvage value. equired: -1. Compute the depreciation, assuming that the company uses straight-line depreciation. -2. Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance epreciation. Complete this question by entering your answers in the tabs below. 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

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