Endeavor Company purchased a depreciable asset for $1,500,000. The estimated salvage value is $150,000, and the estimated useful life is 15,000 hours. Endeavor used the asset for 1,200 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset? Halltown Company purchased a depreciable asset for $800,000. The estimated salvage value is $40,000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset