Required information Exercise 8-9A 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 $52,000. It is expected to have a five-year life and a $7,000 salvage value. Exercise 8-9A Part a Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight line depreciation. Straight-Line depreciation (2) Double-declining-balance depreciation. (Leave no cells blank - be certain to enter "0" wherever required.) Double-Declining Balance Year 1 Year 2 Year 3 Year 4 Year 5