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Required information (The following information applies to the questions displayed below.) On October 1, 2021, the Allegheny Corporation purchased equipment for $181,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 400,000 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. 2. Double-declining balance. Double-Declining-Balance Method * Choose Denominator: Choose Numerator: * Fraction of Year Fraction of Year + Depreciation Expense - Depreciation Expense Formula % Amount for 2021 Amount for 2022 %