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Marigold Corp. purchased a depreciable asset for $1260000. The estimated salvage value is $55000, and the estimated useful life is 10000 hours. Marigold used the

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Marigold Corp. purchased a depreciable asset for $1260000. The estimated salvage value is $55000, and the estimated useful life is 10000 hours. Marigold used the asset for 1100 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset? $138600 $1205000 O $120500 O $132550

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