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Marlow Company purchased a point of sale system on January 1 for $5,600. This system has a useful life of 4 years and a salvage
Marlow Company purchased a point of sale system on January 1 for $5,600. This system has a useful life of 4 years and a salvage value of $500. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method? |
$1,275.
$1,336.
$2,550.
$2,800.
$1,400.
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