Homework Saved 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 $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 Straight-Line depreciations 20,000 (2) Double-declining-balance depreciation. (Leave no cells blank - be certain to enter "o" wherever required.) Double-Declining Balance 4 8,000 Year 1 s Year 2 Year 3 Year 4 Year 5