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Marlow company purchased a point of sale system on January 1 for $7000. This system has a useful life of 5 years and selvage value

Marlow company purchased a point of sale system on January 1 for $7000. This system has a useful life of 5 years and selvage value of $1,200. What would be the deprecation expense for the second year of its useful life using the double-declining balance method

A) $1616

B) 2320

C) 1160

D) 2800

E) 1680

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