Schager Company purchased a computer system at a cost of $32,000. The estimated useful life is 5 years, and the estimated residual value is $2,000. Assuming the company will use the double-declining-balance method. What is the depreciation expense for the second year? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount)

a. $9,930

b. $7680

c. $9,180

d. $12,800

Answer rating: 100% (QA)

Straight Line Depreciation Rate Cost residual va... View the full answer