On October 1, 2021, the Allegheny Corporation purchased equipment for $289,000. The estimated service life of the equipment is 10 years and the estimated residual value is $3,000. The equipment is expected to produce 520,000 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. exercise 11-3 (Algo) Part 1 Straight line. Straight-Line Depreciation 1 Choose Denominator: Choose Numerator: Annual Depreciation = Annual Depreciation Annual Depreciation x Fraction of Year Depreciation expense Year 2021 2022 2. Double-declining balance. Depreciation for the Period End of Period Depreciation Rate (%) Fraction of Year Depreciation Expense Accumulated Depreciation Book Value Beginning of Annual Period Period Book Value 2021 2022 olso 0 $ 3. Units of production (units produced in 2021, 26,000; units produced in 2022, 41,000). (Round "Depreciation per unit rate" answers to 2 decimal places.) Select formula for Units of Production Depreciation: Calculate 2021 depreciation expense: Depreciation per unit rate Units produced in 2021 Depreciation in 2021 Calculate 2022 depreciation expense: Depreciation per unit rate Units produced in 2022 Depreciation in 2022