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At the beginning of Year $1,$ Copeland Drugstore purchased a new computer system for $$110,000.$ It is expected to have a five$-$year life and a $$20,000$ 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.

$(2)$ Double$-$declining$-$balance depreciation.

Complete this question by entering your answers in the tabs below.

Rer$$ c$1$

Req C$2$

Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses straight$-$line depreciation. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

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Note: Enter debits before credits.