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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A: Solution 1-                                                              Calculation of annual…