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Marlow Company purchased a point at 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 depreciation expense for the second year of its useful life using the double-declining-balance method?
 
Multiple Choice:  $480 OR $680

 

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Kritika Krishnakumar
Kritika KrishnakumarLv10
30 Dec 2020

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