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Marlow Company purchased a point of sale system on January 1 for $ 7 , 0 0 0 . This system has a useful life

Marlow Company purchased a point of sale system on January

1

for $

7, 000 .

This system has a useful life of

5

years and a salvage value of $

1, 200 .

What would be the depreciation expense for the second year of its useful life using the double

-

declining

-

balance method?

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