On October 1, 2016, the Allegheny Corporation purchased machinery for $267000. The estimated service life of the machinery is 10 years and the estimated residual value is $3,000. The machine is expected to produce 480.000 units during its life Required: Calculate depreciation for 2016 and 2017 using each of the following methods. Partial year depreciation is calculated based on the number of months the asset is in service. (Do not round intermediate calculations.) 1. Straight line. Choose Numerator: ation lAnnual Depreciation Fraction of Year Depreciation Year Annual Depreciation x 2016 2017 2.Sum-of the years digits De