Requlred Informatlon

Exercise $8\mathrm{.}9$A $($Algo$)$ Computing and recording straight$-$line versus double$-$declining$-$balance

depreciation LO $8\mathrm{.}2,8\mathrm{.}3$

$[$The following information applies to the questions displayed below.$]$

At the beginning of Year $1,$ Copeland Drugstore purchased a new computer system for $$210,000.$ It is expected to have a

five$-$year life and a $$30,000$ salvage value.

Exerclse $8-9$A $($Algo$)$ Part a

Requlred

a$.$ Compute the depreciation for each of the five years, assuming that the company uses:

$(1)$ Straight$-$line depreciation.

$(2)$ Double$-$declining$-$balance depreciation.

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Req $A2$

Compute the depreciation for each of the five years, assuming that the company uses double$-$declining$-$balance depreciation.