Schager Company purchased a computer system at a cost of $29,000. The estimated useful life is 6 years, and the estimated residual value is $4,000. Assuming the company will use the double-declining-balance method, what is the depreciation expense for the second year?

Schager Company purchased a computer system at a cost of $29,000. The estimated useful life is 6 years, and the estimated residual value is $4,000. Assuming the company will use the double-declining-balance method, what is the depreciation expense for the second year? (Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount) $9,667 O $6,444 O $7.944 O $8.694