On the first day of its fiscal year, Warrior Company purchased a new computer system for a total cost of $40,000. The computer system is expected to have a life of 5 years with a residual value of $8,500. If the company uses the double-declining-balance method, its depreciation expense for this computer system in the first year will be O A. $12,600. O B. $8,000. OC. $16,000. OD. $6,300