Help Save & Exit Submit Submit 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? 3:12 Multiple Choice $2,320 O $2,800 $1680 $460 O $1615