Question Help On the first day of its fiscal year, Spotter Company purchased a new computer system for a total cost of $75,000. The computer system is expected to have a life of 5 years with a residual value of $7,000. If the company uses the double-declining-balance method, its depreciation expense for this computer system in the first year will be OA. $30,000 OB. $27.200 O c. $15.000 O D. $13.600