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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
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 $160,000. The estimated service Iffe of the equipment is 10 years and the estimated residual value is $17,000. The equipment is expected to produce 260,000 units during its life. Required: Calculate depreclation for 2024 and 2025 using each of the following methods. Exercise 11-2 (Algo) Part 3 3. Units of production (units produced in 2024, 39,000; units produced in 2025, 34,000). Note: Round "Depreclation per unlt rate" answers to 2 decimal places
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