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Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage
Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage value of $400. What would be the accumulated depreciation at the end of the second year of its useful life using the double-declining-balance method?
2,176
$600
$1,224
$1,200
$544
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