Required information [The following information applies to the questions displayed below.] At the beginning of Year 1. Copland Drugstore purchased a new computer system for 130,000 . 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)