Exercise 8-9A Computing and recording straight-line versus double-declining-balance depreciation LO 8. 2, 8-3 [The following information applies to the questions displayed below.) At the beginning of Year 1. Copland Drugstore purchased a new computer system for 250,000. It is expected to have a five-year life and a $40,000 salvage value. Exercise 8-9 A Part a Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation. Straight-line depreciation $ 42,000 (2) Double-declining-balance depreciation Year 1 Year 2 Year 3 Year 4 Years Double- Declining $ 100,000 $ 60.000 $ 36,000 $ 21,600 $ 0