On October 1, 2021, the Allegheny Corporation purchased equipment for $157,000. The estimated service life of the equipment is 10 years and the estimated residual value is $3,000. The equipment is expected to produce 350,000 units during its life.

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.

1. straight line

Straight-Line Depreciation
	Choose numerator:	/	Choose Denominator:	=	Annual Depreciation
		/		=	Annual Depreciation
		/		=
Year	Annual Depreciation	x	Fraction of Year		Depreciation expense
2021		x		=
2022		x		=