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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

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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 value of $500. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method? Multiple Choice 0 $2,800. 0 $2,550. 0 $1,275. 0 $1,336. 0 $1,400

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