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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
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Compute the depreciation for each of the five years, assuming that the company uses
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(1) Straight-line depreciation.
$
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(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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