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 c c. Prepare the journal entries to recognize 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. Reg C1 Req C2 Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses straight-line depreciation. (If no entry is required for a transaction/event, select "No journal entry required in the first account held View transaction list < Prev Required information Req C1 Req C2 Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company us depreciation. (If no entry is required for a transaction/event, select "No journal entry required" in the first acce View transaction list Journal entry worksheet < Record depreciation expense. Note: Enter debits before credits. Date Yr. 1 General Journal Debit Credit Req C1 Req C2 Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company use balance depreciation. (If no entry is required for a transaction/event, select "No journal entry required" in the fi View transaction list Journal entry worksheet < 1 2 3 4 5 Record depreciation expense for year 1. Note: Enter debits before credits. Date Yr 1 General Journal Debit Credit >