Computer equipment was acquired at the beginning of the year at a cost of $69,024.00. The computer equipment has an estimated residual value of $3,217.00 and an estimated useful life of 7 years. Determine the 2nd year's depreciation using straight-line depreciation. Select the correct answer. $9.401.00 $18,802.00 $10,320.14 59.860.57 Computer equipment was acquired at the beginning of the year at a cost of $69,024.00. The computer equipment has an estimated residual value of $3,217.00 and an estimated useful life of 7 years. Determine the 2nd year's depreciation using straight-line depreciation. Select the correct answer. $9,401.00 $18,802.00 $10,320,14 $9,860.57