At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $130,000. 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 double-declining-balance methods in a financial statements model. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Compute the depreciation for each of the five years, assuming that the company uses strai Straight-line Depreciation Year 1 Year 2 Year 3 Year 4 Year 5 Req A1 Req A2 > Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Compute the depreciation for each of the five years, assuming that the company uses dout (Leave no cells blank be certain to enter "0" wherever required.) Year 1 Double-Declining Balance Year 2 Year 3 Year 4 Year 5 < Req A1 Req B > Req Ai Req Az Req B Record the purchase of the computer system and the depreciation expense for the first yea balance methods in a financial statements model. (In the Cash Flow column, indicate whet investing activity (IA), or a financing activity (FA). If an element is not affected by the ever to account balances and cash outflows with a minus sign. Not all cells will require entry.) COPELAND DRUGSTORE Balance Sheet Horizontal Statements Model Income Statement Stockholders' Assets Equity Book Value = Revenue Expenses Net Income Stateme Cash Fl Retained Cash + of Computer Earnings System Purchase of computer system + Straight-Line Depreciation Double-Declining-Balance Depreciation < Req A2 Req B