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25 A1 1 Undo Clipboard 2 NAG SASA 3 4 File 5 6 7 8 10 12 McGraw Hill Excel Question - Saved 13 Home Paste 15 16 Required Insert Draw Calibri 9 Straight-line depreciation for each year 11 17 Year 1 BIUDA. Formulas Data A A B E A Graded Worksheet Review O Search (Option + Q) (Use cell references from the given information above to complete this question.) Calculation Mode: Automatic Workbook Statistics View $9,000 (Use cell references from the given information above to complete this question.) 14 (Leave no cell blank.) (1) Compute the depreciation for each of the five years, assuming that the company uses straight-line depreciation. Wrap Text Merge & Center 11 (2) Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation. Help At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $52,000. It is expected to have a five-year life and a $7,000 salvage value Double-Decli ning-Balance General Font Alignment Number Styles Cells X fx Accessibility tab summary: Given information for this question is presented in rows 2. Requirement information is presented in rows 4 through 63. A C D E F G H I J $%9898 Conditional Format As Styles Formatting Table Z S MI X Insert Delete Format Autosum Clear $52,000 K 18 Year 2 19 Year 3 20 Year 4 21 Year 5 22 23 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 horizontal statements model. 24 $7,000 27 Sort & Find & Filter Select Editing L Editing 5 M Mc Graw Hill Open MHE Tool Give Feedback to Microsoft N Com C 10

(Lewe ob cell blank.) Use ced ieferencet from the given information obove to complete tha question ) Qf no ensry is required for a trantactionfevent, select "No journal entry reouired" in the frot account field. (Wie cell ieferences from the givet information above to complete thit question) (f no entry is iequired for a trantactien/event, select "No jeurnal entry requiled in the frot account field) (Lewe ob cell blank.) Use ced ieferencet from the given information obove to complete tha question ) Qf no ensry is required for a trantactionfevent, select "No journal entry reouired" in the frot account field. (Wie cell ieferences from the givet information above to complete thit question) (f no entry is iequired for a trantactien/event, select "No jeurnal entry requiled in the frot account field)