On Januacy 1,2023 , Loeffier Company acquired a machine at a cost of $504,000. toeffier estimates that it will use the machine for 4 years or 10,000 machine hours. It Depreciation Methods estimates that atter 4 yeass the madhine cen be sold for 524,000 . Loeffer uses the machine for 2,100 and 2,500 machine hours in 2023 and 2024, respectively: Required: Compute depreciation expensio foc 2023 and 2024 using the: 1. Straight-line method of depreciation. 2. Double-decioing-balanch method of depreciation. 3. units-bfioroduction method of depreciation