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Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage

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Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the first year of its useful life using the double-declining-balance method? Multiple Choice $2,320 $600 $300 $680

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