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Marlow Company purchased a point of sale system on January 1 for $7100. This system has a useful life of 5 years and a

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Marlow Company purchased a point of sale system on January 1 for $7100. This system has a useful life of 5 years and a salvage value of $1,250. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method? Multiple Choice O O $2,340 $170. $1,640 $2.840 $1,704

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