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[The following information applies to the questions displayed below.] At the beginning of Year 1, Copland Drugstore purchased a new computer system for 170,000. It is expected to have a five-year life and a $30,000 salvage value.

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.)

(2) Double-declining-balance depreciation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)