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Required information Skip to question [ The following information applies to the questions displayed below. ] At the beginning of Year 1 , Copland Drugstore
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The following information applies to the questions displayed below.
At the beginning of Year Copland Drugstore purchased a new computer system for It is expected to have a fiveyear life and a $ salvage value.
c Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses
Straightline depreciation. If no entry is required for a transactionevent select No journal entry required" in the first account field.
Doubledecliningbalance depreciation. If no entry is required for a transactionevent select No journal entry required" in the first account field.
PLS ANSWER BOTH QUESTIONS
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