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[The following information applies to the questions displayed below.) At the beginning of Year 1....

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Accounting

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[The following information applies to the questions displayed below.) At the beginning of Year 1. Copland Drugstore purchased a new computer system for 200,000. It is expected to have a five-year life and a $30,000 salvage value, c. Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses (1) Straight-line 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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