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Required information [The following information applies to the questions displayed below.] At the beginning of Year 1, Copeland Drugstore purchased a new computer system

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Required information [The following information applies to the questions displayed below.] At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $180,000. It is expected to have a five-year life and a $30,000 salvage value. Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation. Straight-Line depreciation (2) Double-declining-balance depreciation. (Leave no cells blank be certain to enter "O" wherever required.) Year 1 Year 2 Year 31 Year 4 Year 51 Double-Declining Balance

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