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On January 1, 2021, the Allegheny Corporation purchased equipment for $156,000. The estimated service life of the equipment is 10 years and the estimated residual

On January 1, 2021, the Allegheny Corporation purchased equipment for $156,000. The estimated service life of the equipment is 10 years and the estimated residual value is $13,000. 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.

straight line method, double-declining

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