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Help Seve 11 Required information The following information applies to the questions displayed below At the beginning of Year 1. Copeland Drugstore purchased a new

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Help Seve 11 Required information The following information applies to the questions displayed below At the beginning of Year 1. Copeland Drugstore purchased a new computer system for $52.000. It is expected to have a five-year life and a $7000 salvage value c. Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation (2) Double-declining balance depreciation Complete this question by entering your answers in the tabs below. Req ci Reg C2 Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses straight line depreciation (If no entry is required for a transaction/event, select "No joumal entry required in the first account field)

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