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Accounting

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Required information
[The following information applies to the questions displayed below.]
At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $110,000. It is expected to have a five-year life and a $20,000 salvage value.
Required
a. Compute the depreciation for each of the five years, assuming that the company uses:
(1) Straight-line depreciation.
(2) Double-declining-balance depreciation.
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