T At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $280,000....

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T At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $280,000. It is expected to have a five-year life and a $40,000 salvage value Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation (2) Double-declining-balance depreciation b. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double- declining-balance methods in a financial statements model, Complete this question by entering your answers in the tabs below. Req A1 Req A2 Rec B T At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $280,000. It is expected to have a five-year life and a $40,000 salvage value Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation (2) Double-declining-balance depreciation b. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double- declining-balance methods in a financial statements model, Complete this question by entering your answers in the tabs below. Req A1 Req A2 Rec B