Required information Exercise 8-9A (Algo) 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, Copeland Drugstore purchased a new computer system for $290,000. It is expected to have a five-year life and a $40,000 salvage value. Exercise 8-9A (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. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Compute the depreciation for each of the five years, assuming that the company uses straight-line depreciation. Straight-line depreciation for each year Req A1 Req A2 Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation. Double- Declining- Balance Year 1 Year 2 Year 31 Year 41