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Need Help: Marlow Company purchased a point of sale system on January 1 for $6,500....

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Accounting

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Marlow Company purchased a point of sale system on January 1 for $6,500. This system has a useful life of 5 years and a salvage value of $950. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method?

Multiple Choice

A. $1,560.

B. $2,220.

C. $1,496.

D. $1,110.

E. $2,600.

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