O 2 Part 2 of 3 Required information Exercise 11-3 (Static) Depreciation methods; partial periods (L011-2) [The following information applies to the questions displayed below) On October 1, 2021, the Allegheny Corporation purchased equipment for $115,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life. 0.75 points 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. eBook Exercise 11-3 (Static) Part 2 Print 2. Double-declining balance References Choose Numerator: Double-Declining Balance Method Choose Denominator: Formula * Fraction of Year Fraction of Year Depreciation Expense Depreciation Expenso Amount for 2021 Amount for 2022 $ $ 115,000 1,092,050 20% 20%