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Sheffield Company purchased a depreciable asset for $1210000. The estimated salvage value is $60000, and the estimated useful life is 10000 hours. Sheffield used the

image text in transcribed Sheffield Company purchased a depreciable asset for $1210000. The estimated salvage value is $60000, and the estimated useful life is 10000 hours. Sheffield used the asset for 900 hours in the current year. If the activity method is used, what is the depreciation expense on this asset in the current year? $108900$103500$1150000$115000

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