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Mariow Company purchased a point of sale system on January 1 for $6,000. This system has a useful life of 10 years and a salvage

Mariow Company purchased a point of sale system on January 1 for $6,000. This system has a useful life of 10 years and a salvage value of $700. What would be the depreciation expense for the second year of its usefut life using the double dectining: balance method? Multople Choice $960 $530 $1,060

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