fill in the boxes for requirement a1, a2, and b. thank you.
14 Problem: Module 2 Textbook Problem 14 Learning Objectives: 2-9 Calculate straight-line depreciation and show how it affects financial statements 2-10 Calculate double-declining balance depreciation and show how it affects financial statements 1 points Skipped Print At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $85,000. It is expected to have a five-year life and a $15,000 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 Req A1 Req A2 Req B Compute the depreciation for each of the five years, assum Straight-line Depreciation Year 1 Year 2 Year 3 Year 4 Year 5 Req A1 Req A1 Req A2 Req B Compute the depreciation for each of the five years, assuming that th (Leave no cells blank - be certain to enter "0" wherever required.) Double-Declining Balance Year 1 Year 2 Year 3 Year 4 Year 5 Req A1 Req A2 Req B Record the purchase of the computer system and the depreciation expense for the first year unde balance methods in a financial statements model. (In the Cash Flow column, indicate whether the investing activity (IA), or a financing activity (FA). If an element is not affected by the event, leav to account balances and cash outflows with a minus sign. Not all cells will require entry) Balance Sheet COPELAND DRUGSTORE Horizontal Statements Model Income Statement Stockholders Equity Net Revenue Expenses Retained Income Earnings Assets Statement of Cash Flows + Book Value of Cash Computer System Purchase of computer system Straight-Line Depreciation = Double-Declining-Balance Depreciation