Vaughn Manufacturing purchased a depreciable asset for $1190000. The estimated salvage value is $63000, and the estimated useful life is 10000 hours. Vaughn 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? $1127000 $123970 $112700 $130900 Sheffield Corp. purchased a machine on July 1, 2020, for $1140000. The machine has an estimated useful life of five years and a salvage value of $205000. The machine is being depreciated from the date of acquisition by the 150% declining-balance method. For the year ended December 31, 2020, Sheffield should record depreciation expense on this machine of $140250. $342000. $228000. O $171000