Required information Exercise 8-9A (Algo) Computing and recording straight-line versus double-declining-balance depreciation LO 8-2, 8-3 [The following information applies to the questions displayed below] At the beginning of Year 1. Copeland Orugstore purchased a new computer system for $260,000. It is expected to have a five-year life and a $40,000 salvage value Exercise 8-9A (Algo) Part 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 horizontal statements model (In the Statement of Cosh Flows column, use the initials OA to designate operating activity, IA for investing activity, and FA for financing activity, Leave blank to indicate that on element is not offected by the event. Enter any decreases to occount bolances and cash outflows with o minus sign.)