1 Part 1 of 3 1.5 points 02:36:44 ! Required information [The following information applies to the questions displayed below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $150,000. The estimated service life of the equipment is 10 years and the estimated residual value is $7,000. The equipment is expected to produce 360,000 un during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. eBook 1. Straight-line. Print References Annual Depreciation Expense Depreciation Expense Straight-Line Depreciation Choose Numerator: Formula Cost minus residual Choose Denominator:: Estimated Useful Life (years) Amounts 143,000/ 10 = $ Depreciation Expense 2021 $ 14,300 2022 $ 14,300 14,300