Lundy Company purchased a depreciable asset for $99,000 on January 1. The estimated salvage value is $18,000, and the estimated useful life is 9 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset? Please round the double-declining balance rate to 2 decimal places, e.g. 0.35 or 35% in your intermediate calculations.

$11,000

$17,820

$13,900

$16,988