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Required information [The following information applies to the questions displayed below.] At the beginning of 2018, Copeland Drugstore purchased a new computer system for $210,000.

Required information

[The following information applies to the questions displayed below.]

At the beginning of 2018, Copeland Drugstore purchased a new computer system for $210,000. It is expected to have a five-year life and a $30,000 salvage value.

Required

  1. Compute the depreciation for each of the five years, assuming that the company uses

  1. (1) Straight-line depreciation.

    $

  1. (2) Double-declining-balance depreciation. (Leave no cells blank - be certain to enter "0" wherever required.)

Double-Declining Balance
Year 1 $
Year 2 $
Year 3 $
Year 4 $
Year 5 $

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