at the beginning of year 1, copeland drugstore purchased a new computer system for $250,000.  It is expected to have a five year life and a $40,000 salvage value. a. compute the depreciation for each of the five years, assuming that the company uses. 1. straight line depreciation 2. double declining balance depreciation year 1: year 2: year 3: year 4: year 5:

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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at the beginning of year 1, copeland drugstore purchased a new computer system for $250,000.  It is expected to have a five year life and a $40,000 salvage value.

a. compute the depreciation for each of the five years, assuming that the company uses.

1. straight line depreciation

2. double declining balance depreciation

year 1:

year 2:

year 3:

year 4:

year 5:

 

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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