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Required informationlhe following information applies to the questions displayed below.]At the beginning of Year 1,...

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Accounting

Required informationlhe following information applies to the questions displayed below.]At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $85,000. It is expected to have a five-year life and a $15,000 salvage value.:30c. Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses:(1) Straight-line depreciation.(2) Double-declining-balance depreciation.Complete this question by entering your answers in the tabs below.1
Required information
ReqC2
Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses double-decliningbalance depreciation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Journal entry worksheet
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There is one extra journal entry at the begining. Couldnt take pic because it wouldnt let me
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