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Exercise $8-9$A $($Algo$)$ Computing and recording straight$-$line versus double$-$declining$-$balance depreciation LO $8-2,8-3$

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At the beginning of Year $1,$ Copeland Drugstore purchased a new computer system for $$190,000.$ It is expected to have a five$-$year life and a $$30,000$ salvage value.

Exercise $8-9$A $($Algo$)$ Part a

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.