Need help, will leave thumbs up! Required information Exercise 8-9A Computing and recording straight-line...
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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 110,000. It is expected to have a five- year life and a $20,000 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. Answer is complete and correct. Straight-line depreciation $ 18,000 (2) Double-declining-balance depreciation. X Answer is complete but not entirely correct. Double- Declining $ 0 x Year 1 Year 2 $ 0 x Year 3 $ 0 x Year 4 $ FA 0 x Year 5 $ 0
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