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At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $52,000. it is expected to have a five-year li and a $7,000 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 doubledeclining-balance methods in a financial statements model. Complete thls question by entering your answers in the tabs below. Compute the depreciation for each of the five years, assuming that the company uses straight-line depr Compute the depreciation for each of the five years, assuming that the company uses double-declining-bsiance deprecis (Leave no celis blank - be certain to enter " 0 " wherever required.) Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double-dediningbalance 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 destenses to account balances and cash outfows with a minus sign. Not all celis will require entry.)