A company purchased a computer system at a cost of $27000. The estimated useful life is 7 years, and the estimated residual value is $3.000. 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 1200 5760 SWORD 36610 A building was purchased for $61,500 The asset has an expected useful life of eight years and depreciation expense each year is $5.000 using the straight line method. What is the residual value of the building? Multiple Choice $7688 $12.688 $21.500