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 Compute the depreciation for each of the five years, assuming that the company uses: 1) Straight-line depreciation. 2) Double-declining-balance depreciation. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A1 Req A2 (2) Double-declining-balance depreciation. Answer is complete but not entirely correct. 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 double-declining-balance depreciation. Double- Declining- Balance Year 1 S 116.000 Year 21 S 69,800 Year 3 41,760 Year 4 S 25.050x Year 5 $ 15.034x