Exercise 11-4 (Algo) Other depreciation methods [LO11-2] [The following information applies to the questions displayed below.] On January 1,2024 , the Allegheny Corporation purchased equipment for $343,000. The estimated service life of the equipment is 10 years and the estimated residual value is $24,000. The equipment is expected to produce 296.000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the following methods. Exercise 11-4 (Algo) Part 1 1. Sum-of-the-years'-digits Note: Do not round intermediate calculations. Round final answers to the nearest whole dollar amount. Calculate depreciation for 2024 and 2025 using each of the following meth Exercise 11-4 (Algo) Part 2 2. 150% declining balance. Note: Round final answers to the nearest whole dollar amount. 3. Assume instead the equipment was purchased on October 1, 2024. Calculate depreciation for 2024 and 2025 using each of the two methods. Partial-year depreciation is calculated based on the number of months the asset is in service Note: Do not round intermediate answers and round your answers to the nearest whole dollar amount