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Marlow Company purchased a point of sale system on January 1 for $6,700. This system has a useful life of 5 years and a salvage

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Marlow Company purchased a point of sale system on January 1 for $6,700. This system has a useful life of 5 years and a salvage value of $1,050. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method? Multiple Choice $1,130. $1,608. $2.260. $1,544. $2,680

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