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37 Marlow Company purchased a point of sale system on January 1 for $7,000. This system has a useful life of 5 years and a

37 Marlow Company purchased a point of sale system on January 1 for $7,000. This system has a useful life of 5 years and a salvage value of $1,200 What would be the depreciation expense for the second year of its useful life using the double-declining-balance method? Multiple Choice O O SLO $160 $2.800, $1680 $2.320

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