On October 1, 2018, the Allegheny Corporation purchased machinery for $267,000. 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 2018 and 2019 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. 1. Straight line. 2. Sum-of-the-years'-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 24,000; units produced in 2019, 39,000). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using straight line method. Partial-year depreciation is calculated based on the number of months the asset is in service. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Annual Depreciation = = Year Annual Depreciation X Fraction of Year = Depreciation Expense 2018 X 2019 Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using sum-of-the-years' digits. Partial-year depreciation is calculated based on the number of months the asset is in service. Fraction of Year Depreciation Expense Sum-of-the-years' digits depreciation Depreciable Rate per Year Base 10/1/2018 through 12/31/2018 Total depreciation expense - 2018 1/1/2019 through 9/30/2019 x 10/1/2019 through 12/31/2019 Total depreciation expense - 2019 = = Required 1 Required 2 Required 3 Required 4 Required 5 Calculate depreciation for 2018 and 2019 using double-declining balance. Partial-year depreciation is calculated based on the number of months the asset is in service. Depreciation for the Period End of Period Annual Period Beginning of Period Book Value Depreciation Fraction Depreciation Rate of Year Expense Accumulated Depreciation Book Value 2018 $ O 2019 0 $ 0