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Marlow Company purchased a point of sale system on January 1 for $ 5 , 7 0 0 . This system has a useful life

Marlow Company purchased a point of sale system on January 1 for $5,700. This system has a useful life of 10 years and a salvage value of $550. What would be thedepreciation expensefor the second year of its useful life using the double-declining-balance method?Multiple Choice$1,140.$848.$912.$515.$1,030.

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