Check 14 Problem: Module 2 Textbook Problem 14 Learning Objectives: 0.5 points . 2-9 Calculate straight-line depreciation and show how it affects financial statements 2-10 Calculate double-declining-balance depreciation and show how it affects financial statements Hint 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. Print 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. Reg A1 Req AZ Req B Compute the depreciation for each of the five years, assuming that the company uses straight-line depreciation kelin 1 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. 0.5 points Complete this question by entering your answers in the tabs below. Hint Req A1 Req A2 Req B Print Compute the depreciation for each of the five years, assuming that the company uses straight-line depreciation. Year 1 Year 2 Year 3 Year 4 Year 5 Straight-line Depreciation $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 & Regal Req A2 > 14 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. 0.5 points Complete this question by entering your answers in the tabs below. Hint Reg A1 Req A2 Reg B Print Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation. (Leave no cells blank - be certain to enter "0" wherever required.) Double-Declining Balance $ Year 1 Year 2 $ 72,000 43,200 25,920 Year 3 $ Year 4 Year 5