Computer equipment was acquired at the beginning of the year at a cost of $52,396.00. The computer equipment has an estimated residual value of $2,387.00 and an estimated useful life of 5 years. Determine the 2nd year's depreciation using straight-line depreciation.

Select the correct answer.

$10,956.60

$20,003.60

$10,001.80

$10,479.20