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Marlow Company purchased a point of sale system on January 1 for $7,200. This system...

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Accounting

Marlow Company purchased a point of sale system on January 1 for $7,200. This system has a useful life of 10 years and a salvage value of $1,300. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method? $1,440. $1,088. $1,152. $590. $1,180.

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