Marlow Company purchased a point of sale system on January 1 for $7100. This system has a useful life of 5 years and a salvage value of $1250. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method?
A. $1170.
B. $1640.
C. $1704.
D. $2840.
E. $2340.
Answer: C
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