A company sold equpment that originalily cost $260,000 for $120000 cash The accumulated depreciation on the equipment was $140 The company should recognize a ,000 Marlow Company purchased a point of sale system on January 1 for $7,100. This system has a useful life of 5 years and a salvage value of S1.250, What would be the depreciation expense for the second year of its useful life using the double-declining-balance method