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Typewritten answers only, please. No handwritten answers. At the beginning of 2018, Copeland Drugstore purchased a new computer system for $260,000. It is expected to
Typewritten answers only, please. No handwritten answers.
At the beginning of 2018, Copeland Drugstore purchased a new computer system for $260,000. It is expected to have a five-year life and a $40,000 salvage value.
Compute the depreciation for each of the five years, assuming that the company uses
(1) Straight-line depreciation.
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 |
Typewritten answers only, please. No handwritten answers.
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