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Che Required Information [The following information applies to the questions displayed below) On January 1, 2021, the Allegheny Corporation purchased equipment for S139,000. The estimated

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Che Required Information [The following information applies to the questions displayed below) On January 1, 2021, the Allegheny Corporation purchased equipment for S139,000. The estimated service life of the equipment is 10 years and the estimated residual value is $7000. The equipment is expected to produce 228.000 during its le Required: Calculate depreciation for 2021 and 2022 using each of the following methods 1. Sum-of-the-years-digits (Do not round intermediate calculations, Round til answers to the nearest whole dollar amount) Depreciation experise Year 2021 2022

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