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sold for $20,000. Loeffler uses the machine for 1,900 and 2,300 machine hours in 2023 and 2024, respectively. Required: Compute depreclation expense for 2023 and

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sold for $20,000. Loeffler uses the machine for 1,900 and 2,300 machine hours in 2023 and 2024, respectively. Required: Compute depreclation expense for 2023 and 2024 using the: 1. Straight-line method of depreciation. 2. Double-declining-balance method of depreclation. 3. Units-of-production method of depreciation

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