On May 1, 2025, Bonita Company purchased factory equipment for $749700. The asset's useful life in hours is estimated to be 220000. The estimated salvage value is $45000 and the estimated useful life in years is 9. The machine was used for 21000 hours in the first year. If the activity method is used, what is depreciation expense for 2025? (Round the depreciation rate to 4 decimal places e.g. 15.2578.) O $67267 O $78300 O $71467 $52200

On May 1, 2025. Bonita Company purchased factory equipment for $749700. The asset's useful life in hours is estimated to be 220000. The estimated salvage value is $45000 and the estimated useful life in years is 9 . The machine was used for 21000 hours in the first year. If the activity method is used, what is depreciation expense for 2025? (Round the depreciation rate to 4 decimal places e.g. 15.2578.) $67267 $78300 $71467 $52200