On October 1, 2016, the Allegheny Corporation purchased machinery for $213,000. The estimated service life of the machinery is 10 years and the estimated residual value is $4,000. The machine is expected to produce 380,000 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. Answer is complete and correct. Choose Numerator: Annual Depreciation Choose Denominator: ost mihus Salvage 1 Cost minus Salvage | Estimated Useful Life (years) - Annual Depreciation / ea ! 209,000 Year Annual Depreciationx 2016 2017 10 Fraction of Year 3/12 20,900 Depreciation Expense 5,225 20,900x 20 900 x 20,900 20.900 2. Sum-of-the-years digits