Useful life using the double-declining-balance method

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Reference no: EM13827183

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 accumulated depreciation at the end of the second year of its useful life using the double-declining-balance method?

$2,176.

$ 544.

$1,200.

$1,224.

Reference no: EM13827183

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