Check my work 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 $191,000. The estimated service life of the equipment is 10 years and the estimated residual value is $4,000. The equipment is expected to produce 340,000 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. Exercise 11-3 (Algo) Part 2 2. Double-declining balance Choose Numerator: Double Declining Balance Method * Choose Denominator: Formula Fraction of Year Fraction of Year - Depreciation Expense Depreciation Expense Amount for 2021 Amount for 2022 % X X % N