A Fall 2023)- Requires Respondus LockDown Browser O Land $77,500; Land Improvements; $31,000; Building; $46,500. Question 2 (1 point) Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the third year of its useful life using the double-declining- balance method? O $680.00 $480.00 $544.00 $435.20 $300.00 Question 3 (1 point) ) Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $20,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be: $36,000 $42,000 $54,000 20 F3 $ 000 F4 % F5 A F6 & F7 *C F8