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  3. at the beginning of year 1, copeland drugstore pur

At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $52,000....

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Accounting

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.
$
52,000
$
7,000
5
Required:
a-1. Compute the depreciation, assuming that the company uses straight-line depreciation.
Straight-line depreciation
a-2. 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. You may enter the hardcoded number "2" when calculating the depreciation expense.
Depreciation
Expense
Year 1
Year 2
Year 3
Year 4
Year 5
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