$1$

Required information

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On January $1,2024,$ 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 $180,000$ units during its life.

Required:

Calculate depreciation for $2024$ and $2025$ using each of the following methods.

Straight$-$line.

$\backslash$table$[[$Straight$-$Line Depreciation$],[,$Choose Numerator:,$,$Choose Denominator:,$=,$Annual Depreciation$],[$Formula$,$Cost minus residual,$,$Estimated Useful Life $($years$),=,$Annual Depreciation$],[$Amounts$,,,,=,0],[$Annual Depreciation,,,,B$],[2024],[2025,,,,,]]$