this is all one question

3 3 pot Al the beginning of Year 1 Copeland Drugstore purchased a new computer system for $240,000. It is expected to have a five year life and a $10.000 salvage value Required o. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight line depreciation (2) Double declining balance depreciation b. Record the purchase of the computer system and the depreciation expense for the first year under straight line and double- declining balance methods in a financial statements model ant Perence Complete this question by entering your answers in the tabs below. Reg A1 RAZ Reg 1 Compute the depreciation for each of the five years, assuming that the company uses straight-line depreciation Straight-line Depreciation Year 1 Year 2 Year Year 4 Year 3 3 point Al the beginning of Year 1. Copeland Drugstore purchased a new computer system for $240.000. It is expected to have a five year it and a $40,000 salvage value Required 2. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation (2) Double declining balance depreciation Record the purchase of the computer system and the depreciation expense for the first year under straight line and double- declining balance methods in a financial statements model Hunt Complete this question by entering your answers in the tabs below. Reg A1 Red AZ Compute the depreciation for each of the five years, assuming that the company woes double declining balance depreciation (Leave no cells blank be certain to enter to wherever required) Double Declining Balance Yeart Year 2 Year Year 4 Year 3 Complete this question by entering your answers in the tabs below. RAI RegAZ Rea Record the purchase of the computer system and the depreciation expense for the first year under straight line and double declining olance methods in a financial statements model (In the cash flow columo, indicate whether the item is an operating activity (OA), an Wivesting activity (IA), or a financing activity (FA). If an element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry) Show less Balance Sheet COPELAND DRUGSTORE Horizontal Statements Model Income Statement stockholders Equity Net Reven Expenses Refined Income things Assas statement of Cash Flows Book Value of Cash Computer System Purchase of computer Straight Line Depreciation Double De Balance Depreciation