On October 1, 2024, the Allegheny Corporation purchased equipment for $213,000. The estimated service life of the equipment is 10 years and the estimated residual value is $4,000. The equipment is expected to produce 380,000 units during its life. Required: Calculate depreciation for 2024 and 2025 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 1. Straight-line. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Formula =Annual Depreciation Amounts Year 2024 2025 Annual Depreciation x x x Fraction of Year Depreciation expense II = II