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eBook Calculator 7-32 ethods 2019. Loeffler Company acquired a machine at a cost of $200,000. Loeffler estimates that it will

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Answer #1

Depreciation under production method = (Cost - Residual value) / Total machine hours * Machine hours used this year

2019 = ($200,000 - $20,000) / 8,000 * 2,100

= $47,250

2020 = ($200,000 - $20,000) / 8,000 * 1,800

= $40,500

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