Required information [The following information applies to the questions displayed below] At the beginning of...
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Required information [The following information applies to the questions displayed below] At the beginning of Yoar 1, Copeland Drugstore purchased a new computer system for $200,000. It is expected to have a five-year life and a $30,000 salvoge value. c. Prepare the journal entries to recognize depreciation for each of the five yoars, assuming that the company uses: (1) Straight-line depreciation. (2) Double-declining-balance depreciation. Complete this question by eniering your answars in the tabs below. Prepare the journal entries to recognize depredation for each of the five years, assuming that the company uses straight-line deprociation. (If no entry is required for a transaction/event, select. "No joumal entry required" in the first account fieid:) Journal entry worksheet Record depreciation expense. Journal entry worksheet Note: Enter debits before creaits Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses double-declining balance depreciation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits
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