Required information Exercise 8-9A 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, Copland Drugstore purchased a new computer system for 250,000. It is expected to have a five-year life and a $40,000 salvage value Exercise 8-9A Part c. Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Required information Record depreciation expense. Note: Enter debits before credits. Date General Journal Debit Credit Yr. 1 Record entry Clear entry View general journal co Required information Journal entry worksheet Record depreciation expense for year 2. Note: Enter debits before credits Date General Journal Debit Credit Yr. 2 O search a i Required information Journal entry worksheet Required information Journal entry worksheet 2 3 4 5 Record depreciation expense for year 4. Note: Enter debits before credits Date General Journal Debit Credit Yr 4 e to search O i a Journal entry worksheet 1 2 3 5 Record depreciation expense for year 5. Note: Enter debits before credits. Date General Journal Debit Credit Yr. 5 D