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Vaughn Manufacturing purchased a depreciable asset for $572000. The estimated salvage value is $27000, and the...

Vaughn Manufacturing purchased a depreciable asset for $572000. The estimated salvage value is $27000, and the estimated useful life is 10000 hours. Carson used the asset for 1300 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset in the current year?

$545000
$54500
$70850
$77870
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Answer is option c) $70850

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