Depreciation Methods On January 1, 2023, Loeffler Comgany acquired a machine at a cost of $508,000. Louffer estimates that It will use the machine for 4 years or. 11,000 machine hours. It estmates that after 4 vears the machine can be sold for $24,000. toeffier uses the machine for 2,300 and 2,800 fmachine hours in 2023 and 2024 , respectively. Required: Compute depreciation expense for 2023 and 2024 using the. 1. Stroightebine methoo of depreciation: 2. Dovbledechining balange method of depreciaben: 3. Unuts-of-production methed of depreciation 3nen Chock Mr Wokk uses remahing