odule $2$ Textbook Problems $($i$)$

$14$

$2-10$ Calculate double$-$declining$-$balance depreciation and show how it affects financial statements

At the beginning of Year $1,$ Copeland Drugstore purchased a new computer system for $$180,000.$ It is expected to have a five$-$year life and a $$30,000$ 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 this question by entering your answers in the tabs below.

$\backslash$table$[[$Req A$1]]$

ReqB