At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $170,000. It is expected to have a five-year life and a $30,000 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. b. 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. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Record the 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.) Assets Balance Sheet Cash + Book Value of = Computer System Purchase of computer system Req B Straight-Line Depreciation COPELAND DRUGSTORE Horizontal Statements Model Stockholders' Equity Retained Earnings Double-Declining-Balance Depreciation Revenue Income Statement - Expenses = < Req A2 Net Income Statement of Cash Flows Req B > Show less A

ACC 10 X McGraw-Hill Edu Xx 3:05 C ezto.mheducation.com/ext/map/index.html?_con=con&ext... Q d Applicati.... WP WileyPLUS B Bloomberg for Edu... Frontline - Sign In R myRutgers Portal Multiple Choice $800,000. $1,200,000. $480,000. Question 10 - EX Forrester Company is considering buying new equipment that would decrease monthly fixed costs from $360,000 to $360,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $1,200,000 and current break-even units are 12,000. If Forrester purchases this new equipment, the revised break-even point in dollars would be: $1,500,000. Save & Exit ☐ B Submit X : >>>

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PDE 8 po 7 Tal x b gr| M (#| M Ye| b Ar| b M| de © Vi 9 0 E yc + Si 8 https://moodle.uowplatform.edu.au/mod/quiz/attempt.php?attempt=4846365&cmid=1946209&page=6 2 As a prospective owner of a club known as the Red Rose, you are interested in determining the volume of sales dollars necessary for the coming year to reach the break-even point. You have decided to break down the sales for the club into four categories, the first category being beer. Your estimate of the beer sales is that 36,000 drinks will be served. The selling price for each unit will average $1.50; the cost is $1.25. The second major category is meals, which you expect to be 12,000 units with an average price of $10.00 and a cost of $6.00. The third major category is desserts and wine, of which you also expect to sell 10,000 units, but with an average price of $2.75 per unit sold and a cost of $0.75 per unit. The final category is lunches and inexpensive sandwiches, which you expect to total 20,000 units at an average…