A company purchased a computer system at a cost of $25,000. The estimated useful life is 5 years, and the estimated residual value is $1,000. 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

• $6,000.

• $7,500.

• $8,250.

• $10,000.