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Oy 14 09 * 2.10 Caterlate double declining balance depreciation and show how it affects triancial statements At the beginning of Your Coin Drugstore purchased a new computer system for $100.000 tu expected to have a live per and a $20.000 svogevee Required . Compute the depreciation for each of the five years in that the company mn Sie depreciation (2) Double-declining balance pro . Record the purchase of the computer system and the entry under Decling-blance methods in ce model Complete the question by entering answers in the table 14 Complete this question by entering your answers in the tabs below. 05 point Hint Reg A1 Req2 Reg B Compute the depreciation for each of the five years, assuming that the company uses straightline depreciation Straight-line Depreciation Year 1 Year 2 Year 3 Year 4 Year 5 Print GA Req A2 > Module 2 Textbook Problems Saved 14 Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B 0.5 Dont HA PM Compute the depreciation for each of the five years, assuming that the company uses double-declining-balance depreciation (Leave no cells blank - be certain to enter "o" wherever required) Double-Declining Balance Year 1 Year 2 Year 3 Year 4 Year 5 ::: Next > Help Say Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double-declining balance methods in a financial statements model. (In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). If an element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry) Show less COPELAND DRUGSTORE Horizontal Statements Model Balance Sheet Income Statement Assets Stockholders Equity Statement of Cash Book Value of Revenue Flows Retained Expenses = Income Cash Computer Earnings System Purchase of computer system Net Straight-Line Depreciation Double-Declining-Balance Depreciation

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