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I am confused on part 2 Homework Saved Required information [The following information applies to the questions displayed below) At the beginning of Year 1.
I am confused on part 2
Homework Saved Required information [The following information applies to the questions displayed below) At the beginning of Year 1. Copland Drugstore purchased a new computer system for 95,000. 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 Straight line depreciation Straight line depreciation $ 16,000 1 (2) Double-declining-balance depreciation Yea2 Year 3 (Year Double Declining S 38,000 S 22 800 $ 13.080 5 0 Step by Step Solution
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