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On October 1, 2016, the Allegheny Corporation purchased machinery for $115,000. The estimated servic life of the machinery is 10 years and the estimated residual

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On October 1, 2016, the Allegheny Corporation purchased machinery for $115,000. The estimated servic life of the machinery is 10 years and the estimated residual value is $5,000. The machine is expected to produce 220,000 units during its life Required: Calculate depreciation for 2016 and 2017 using each of the following methods. Partial-year depreciation i calculated based on the number of months the asset is in service. (Do not round intermediate calculations.)

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