Marlow company purchased a point of sale system on january 1 for $5,800. this system has a useful life of 5 years and a salvage value of $600. what would be the depreciation expense for the second year of its useful life using the double-declining-balance method?

$1392

Explanation:

The depreciation rate under straight line is =1/5=0.2

The depreciation rate under double declining is = 0.2 × 2 = 0.4

Depreciation expense for the first year = 0.4 × $5800 = $2320.

At the beginning of year two, net book value = $5800 - $2320 = $3480

Depreciation expense for year two = 0.4 × $3480 = $1392

answer; ///i believe that the correct answer is (a) it is the means by which a person earns money;

say it in english maybe we can