On January 1, 2021, the Allegheny Corporation purchased equipment for $126,000. 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. Required: Calculate depreciation for 2021 and 2022 using each of the following methods.

2. Double-declining balance. End of Period Depreciation for the Period Beginning of Annual Period Period Book Depreciation Depreciation Rate (%) Expense Value 2021 $ 126,000 2022 Accumulated Depreciation Book Value $ $ 126,000 126,000 $ 0