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Marlow Company purchased a point of sale system on January 1 for $5,5500. This system has a useful life of 5 years and a salvege

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Marlow Company purchased a point of sale system on January 1 for $5,5500. This system has a useful life of 5 years and a salvege value of $450. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method? Muaple Chotce $2,020. $1010 $2,200 $1.320

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