Marlow Company purchased a point of 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?
A. $544.
B. $480.
C. $600.
D. $300.
E. $680.
Answer: A
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