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 accumulated depreciation at the end of the second year of its useful life using the double-declining-balance method?
A) $2,176.
B) $544.
C) $1,200.
D) $600.
E) $1,224.
Correct Answer:
Verified
Correct Answer:
Verified
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