Marlow Company Purchased a Point of Sale System on January

Multiple Choice

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 book value of the asset at the end of the first year of its useful life using the double-declining-balance method?

A) $2,320.
B) $680.
C) $2,720.
D) $300.
E) $600.