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On May 1, 2025, Concord Company purchased factory equipment for $748900. The asset's useful life...

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Accounting

On May 1, 2025, Concord Company purchased factory equipment for $748900. The asset's useful life in hours is estimated to be 217000. The estimated salvage value is $37000 and the estimated useful life in years is 9. The machine was used for 28000 hours in the first year. If the activity method is used, what is depreciation expense for 2025? (Round the depreciation rate to 4 decimal places eg 15.2578.) O $91857 O $79100 O $52733 O $97457

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