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Accounting
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At the beginning of Year Copeland Drugstore purchased a new computer system for $ It is expected to have a fiveyear life and a $ salvage value.
c Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses:
Straightline depreciation.
Doubledecliningbalance depreciation.
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Rer c
Req C
Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses straightline depreciation. If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Note: Enter debits before credits.
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