Second chart First answer to question and part of the problem....
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Second chart
First answer to question and part of the problem. Part two of the question is below
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(Use cell references from the given information above to complete this question.) (Leave no cell blank.) 1 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 val 4 Required 5 (1) Compute the depreciation for each of the five years, assuming that the company uses straight-line depreciation. 7 (Use cell references from the given information above to complete this question.) 9 Straight-line depreciation for each year $9,000 10 11 (2) Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation. 12 13 (Use cell references from the given information above to complete this question.) At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $52,000. 1t is expected to have a five year life arid a 5/,000 salvage val 45 46 epare the journal entries to recognize depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation. 47 entry is required for a transaction/event, select "No journal entry required " in the first account field.) 48 ell references from the given information above to complete this question.) AJ? \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline F & G & H & I & J & K & L & M & N \\ \hline & & & & & & \\ \hline \end{tabular} A32 | Accumulated depreciation 4 Year 4 Depreciation expense Accumulated depreciation 5 Year 5 No journal entry required
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