Question: 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
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 $300,000. It is expected to have a flve-year life and a $40,000 salvage value. Exercise 8-9A (Algo) Part a Required: a-1. Compute the depreciation, assuming that the company uses straight-line depreciation, a.2. Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation. Complete this question by entering your answers in the tabs below. Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation. Note: Leave no cells blank - be certain to enter " 0 ", wherever required
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