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What would be the depreciation expense for the second year

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Reference no: EM133068600

Question - Marlow Company purchased a point of sale system on January 1 for $7000. This system has a useful life of 5 years and selvage value of $1,200. What would be the depreciation expense for the second year of its useful life using the double-declining balance method?

A) $1616

B) 2320

C) 1160

D) 2800

E) 1680

Reference no: EM133068600

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