1)On January 1, 2024, the Allegheny Corporation purchasedequipment for $130,000. The estimated service life of the equipmentis 10 years and the estimated residual value is $9,000. Theequipment is \begin{tabular}{|l|l|c|c|c|c|} \hline & Choose Numerator: & \( \div \) & Choose Denominator: & \( = \) & Annual Depreciation \\ \hline Formula & & \( \div \) & & \( = \) & Annual Depreciation \\ \hlin 2 answers