On January 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. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Exercise 11-2 (Static) Part 2 2. Double-declining-balance. Double-Declining-Balance Method * Choose Denominator: * Double the Straight-line Rate = Depreciation Expense = Depreciation Expense Choose Numerator: Formula Beginning Book Value Amount for 2021 Amount for 2022 % = On January 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. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Exercise 11-2 (Static) Part 3 3. Units of production (units produced in 2021, 30,000; units produced in 2022, 25,000). (Round "Depreciation per unit rate" answers to 2 decimal places.) Select formula for Units of Production Depreciation: Calculate 2021 depreciation expense: Depreciation per unit rate Units produced in 2021 Depreciation in 2021 Calculate 2022 depreciation expense: Depreciation per unit rate Units produced in 2022 Depreciation in 2022