Check my work Required information Exercise 11-4 (Algo) Other depreciation methods (L011-2] [The following information applies to the questions displayed below) On January 1, 2021, the Allegheny Corporation purchased equipment for $271,000. The estimated service life of the equipment is 10 years and the estimated residual value is $18,000. The equipment is expected to produce 272,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Exercise 11-4 (Algo) Part 1 1. Sum-of-the-years'-digits (Do not round intermediate calculations. Round final answers to the nearest whole dollar amount.) Year Depreciation expense 2021 2022