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. Copland Drugstore purchased a new computer system for 120.000. It is expected to have a five-year life and a $20,000 salvage value. Exercise 8-9 A Part a Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation. Answer is complete and correct. $ 20,000 Straight-line depreciation (2) Double-declining-balance depreciation. Answer is complete but not entirely correct. Year 1 Year 2 Year 3 Year 4 Year 5 Double- Declining $ 48,000 $ 28,800 S 17.280 S 10.368 X S 6,221 %