. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double. declining-balance methods in a financial statements model. Complete this 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 depreciation. Complete this question by entering your answers in the tabs below. Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation. (Leave no cells blank - be certain to enter " 0 " wherever required.) Complete this question by entering your answers in the tabs below. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double-declining* balance 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 finapging activity (FA). If an element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash of fflows with a minus sign. Not all cells will require entry.) Problem: Module 2 Textbook Problem 14 Learning Objectives: - 2-9 Calculate straight-line depreciation and show how it affects financial statements - 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 $130,000. It is expected to have a five-year 1 and a $20,000 salvage value. Required a. Combute 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 valance methods in a financial statements model. Complete this 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 depreciation