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Marlow Company purchased a point of sale system on January 1 for $7.400. This system has a useful life of 4 years and a salvage

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Marlow Company purchased a point of sale system on January 1 for $7.400. This system has a useful life of 4 years and a salvage value of $1. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method? Multiple Choice $3,700 $3,000 $1786, $1,850. $1,500

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