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Marlow Company purchased a point of sale system on January 1 for $5,500. This system has a useful life of 5 years and a salvage

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Marlow Company purchased a point of sale system on January 1 for $5,500. This system has a useful life of 5 years and a salvage value of $450. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method? Multiple Choice $2,020 $1,256. $2,200. $1,320 $1,010

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