At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $225,000. It is expected to have a five-year life and a $35,000 salvage value. Required Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation. (2) Double-declining-balance depreciation. 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 straight-line depreciation. Straight-line Depreciation Year 1 Year 2 Year 3 Year 4 Year 5 < Ring A Req A2 > Complete this question by entering your answers in the tabs below. Req Al Reg A2 Req B Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation. (Leave no cells blank - be certain to enter "0" wherever required.) Year 1 Year 2 Year 3 Year 4 Year 5 Double-Declining Balance < Req A1 Req B > Req A1 Req A2 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.) Show lessA COPELAND DRUGSTORE Horizontal Staternents Model Balance Sheet Income Statement Assets Stockholders Equity Statement of Cash Book Value of Revenue, Retained Expenses Net Income Flows Cash Computer Earnings System Purchase of computer system Straight-Line Depreciation + Double-Declining-Balance Depreciation < Req A2 Rug B