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Carson Company purchased a depreciable asset for $420,000. The estimated salvage value is $28,000, and...

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Accounting

Carson Company purchased a depreciable asset for $420,000. The estimated salvage value is $28,000, and the estimated useful life is 10,000 hours. Carson used the asset for 1,500 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? Please show your work and explain.

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