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On January 1 , 2 0 2 3 , Loeffler Company acquired a machine at a cost of $ 6 0 1 , 0 0
On January Loeffler Company acquired a machine at a cost of $ Loeffler estimates that it will use the machine for years or machine hours. It estimates that after years the machine can be sold for $ Loeffler uses the machine for and machine hours in and respectively. Compute depreciation expense for and using the: Straightline method of depreciation, Doubledecliningbalance method of depreciation, and Unitsofproduction method of depreciation.
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