A building was purchased for $69,000. The asset has an expected useful life of eight years and depreciation expense each year is $4,000 using the straight-line method. What is the residual value of the building? Multiple Choice $13,625 $8,625 so. $37,000. A company purchased a computer system at a cost of $33,000. The estimated useful life is 6 years, and the estimated residual value is $7,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year? (Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount.) Multiple Choice $8,833. $11,000. $7,333. $9,583