5 ! 2 Part 1 of 3 points eBook Required information Exercise 11-3 (Algo) Depreciation methods partial periods [LO11-2] [The following information applies to the questions displayed below.] On October 1, 2021, the Allegheny Corporation purchased equipment for $157,000. The estimated service life of the equipment is 10 years and the estimated residual value is $3,000. The equipment is expected to produce 350,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. Hint Exercise 11-3 (Algo) Part 1 References 1. Straight-line. Straight-Line Depreciation Choose Numerator: Choose Denominator: = Annual Depreciation Formula Annual Depreciation Amounts Year Annual Depreciation x Fraction of Year Depreciation expense 2021 X = 2022 X =