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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

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 $1,400. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method?

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