On October 1, 2021, the Allegheny Corporation purchased equipment for $245,000. The estimated service life of the equipment is 10 years and the estimated residual value is $3,000. The equipment is expected to produce 440,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. 2. Double-declining-balance. Double-Declining-Balance Method Choose Numerator: * Choose Denominator: X Fraction of Year = Depreciation Expense = Depreciation Expense Formula Fraction of Year Amount for 2021 % Amount for 2022 % =