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Sheffield Corp. purchased a depreciable asset for $ 1340000 . The estimated salvage value is $ 61000 , and the estimated useful life is 10000

Sheffield Corp.purchased a depreciable asset for $1340000. The estimated salvage value is $61000, and the estimated useful life is10000hours.Sheffieldused the asset for1200hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset?

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