accounting

Required information Exercise 11-2 (Algo) Depreciation methods [LO11-2] [The following information applies to the questions displayed below] On January 1,2024, the Allegheny Corporation purchased equipment for $126,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5.000. The equipment is expected to produce 220.000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the following methods: Exercise 11-2 (Algo) Part 3 3. Units of production (units produced in 2024, 33,000, units produced in 2025, 28,000). Note: Round "Depreciotion per unit rote" answers to 2 decimol ploces