for

$12000

new computer system for

$120,000

. 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 B\ Compute the depreciation for each of the five years, assuming that the company uses

\ \\\\table[[,\\\\table[[Straight-line],[Depreciation]]],[Year 1,],[Year 2,]]

for $120,000. 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. Compute the depreciation for each of the five years, assuming that the company uses