On January 1, 2021, the Allegheny Corporation purchased equipment for $116,000. The estimated service life of the equipment is 10 years and the estimated residual value is $6,000. The equipment is expected to produce 260,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods.

Straight Line Method

Straight-Line Depreciation
	Choose Numerator:	/	Choose Denominator:	=	Annual Depreciation Expense
		/		=	Depreciation Expense
		/		=
	Depreciation Expense
2021
2022

Double-declining balance.

	Depreciation for the Period			End of Period
Annual Period	Beginning of Period Book Value	Depreciation Rate (%)	Depreciation Expense	Accumulated Depreciation	Book Value
2021					$0
2022				$0	$0