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Sunland Company purchased a depreciable asset for $557000. The estimated salvage value is $28000, and the estimated useful life is 10000 hours. Carson used the asset for 1200 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset in the current year? $529000 O $63480 O $52900 O $70200 On September 19, 2020, Waterway Industries purchased machinery for $465000. Salvage value was estimated to be $24000. The machinery will be depreciated over eight years using the sum-of- the-years-digits method. If depreciation is computed on the basis of the nearest full month, Waterway should record depreciation expense for 2021 on this machinery of O $100104 $73500 O $94938. O $95174. On January 2, 2018, Swifty Corporation acquired equipment to be used in its manufacturing operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $47600. The depreciation applicable to this equipment was $210700 for 2021, computed under the sum-of-the-years'-digits method. What was the acquisition cost of the equipment? $1703100 $1607900 O $1655500 $2107000