1 Part 1 of 3 15 points 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 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. eBook 1. Straight-line. Print Straight Line Depreciation Choose Numerator: Choose Denominator: References Formula Amounts Depreciation Expense 2021 2022 Annual Depreciation Expense Depreciation Expense