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At the beginning of Year $1,$ Copeland Drugstore purchased a new computer system for $$52,000.$ It is expected to have a five$-$year life and a $$7,000$ 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.

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Req C$1$ Req C$2$

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