Endeаvоr Cоmpаny purchаsed a depreciable asset fоr $1,200,000. The estimated salvage value is $60,000, and the estimated useful life is 10,000 hours. Endeavor used the asset for 1,100 hours in the current year. If the activity method (units-of-activity) is used, what is the depreciation expense on this asset in the current year?