Computer equipment was acquired at the beginning of the year at a cost of $63,895.00. The computer equipment has an estimated residual value of $3,639.00 and an estimated useful life of 5 years. Determine the 2nd year's depreciation using straight-line depreciation.

Select the correct answer.

$12,779.00

$12,051.20

$13,506.80

$24,102.40