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Required information [The following information applies to the questions displayed below] On January 1, 2024, the Allegheny Corporation purchased equipment for $247,000. The estimated service life of the equipment is 10 years and the estimated residual value is $16,000. The equipment is expected to produce 264,000 .units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the following methods. 3. Assume instead the equipment was purchased on October 1, 2024 . Calculate depreciation for 2024 and 2025 using each of the two methods. Partial-year depreciation is calculated based on the number of months the asset is in service Note: Do not round intermediote answers and round your answers to the nearest whole dollar amount