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are you able to solve this problem for the missing values? Depreciation Methods On January 1, 2023, Loeffler Company acquired a machine at a cost

are you able to solve this problem for the missing values? image text in transcribed
Depreciation Methods On January 1, 2023, Loeffler Company acquired a machine at a cost of $336,000. Loeffler estimates that it will use the mochine for 4 vears or 10,000 machine hours. ft estimates that after 4 years the machine can be sold for $16,000. Loeffler uses the machine for 2,100 and 2,500 machine hours in 2023 and 2024 , respectively. Required: Compute depreciation expense for 2023 and 2024 using the: 1. Straight-line method of depreciation. 2. Double-declining-balance method of depreciation. 3. Units-of-production method of depreciation

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