Required information EThe following information applies to the questions displayed below) On January 1. 2021, the Allegheny Corporation purchased equipment for $134,000. The estimated service life of the equipment is 10 years and the estimated residual value is $2,000. The equipment is expected to produce 240,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 2. Double-declining balance. Depreciation for the Period End of Period Beginning of Annual Period Period Book Value Depreciation Expense Accumulated Depreciation Rate (%) Book Value Depreciation 2021 S 2022 0