On October $1,2024,$ the Allegheny Corporation purchased equipment for $$314,000.$ The estimated service life of the equipment is $10$ years and the estimated residual value is $$6,000.$ The equipment is expected to produce $550,000$ units during its life.

Required:

Calculate depreciation for $2024$ and $2025$ using each of the following methods. Partial$-$year depreciation is calculated based on the number of months the asset is in service.

Exercise $11-3($Algo$)$ Part $3$

$3.$ Units of production $($units produced in $2024,28,000$; units produced in $2025,43,000).$

Note: Round "Depreciation per unit rate" answers to $2$ decimal places.

$\backslash$table$[[$Select formula for Units of Production Depreciation:,$],[$Calculate $2024$ depreciation expense:,$],[$Depreciation per unit rate,$],[$Units produced in $2024,],[$Depreciation in $2024,],[$Calculate $2025$ depreciation expense:,$],[$Depreciation per unit rate,$],[$I Inits nnnlicar in $2n25,]]$