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A company purchased a computer system at a cost of $32,000. The estimated useful life is 7 years, and the estimated residual value is $6.000,
A company purchased a computer system at a cost of $32,000. The estimated useful life is 7 years, and the estimated residual value is $6.000, Assuming the company uses 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.) Multiple Choice $0.781 $8,031 $6,531 $5781
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