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Bonita Company purchased a depreciable asset for $1150000. The estimated salvage value is $56000, and the estimated useful life is 10000 hours. Bonita used the

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Bonita Company purchased a depreciable asset for $1150000. The estimated salvage value is $56000, and the estimated useful life is 10000 hours. Bonita used the asset for 1100 hours in the current year. If the activity method is used, what is the depreciation expense on this asset in the current year? $120340 $126500 $109400 $1094000

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