Required information Exercise 11-2 (Algo) Depreciation methods (L011-2) {The following information applies to the questions displayed below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $128,000. The estimated service life of the equipment is 10 years and the estimated residual value is $7.000. The equipment is expected to produce 220,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Exercise 11-2 (Algo) Part 3 3. Units of production (units produced in 2021, 36,000; units produced in 2022, 31,000). (Round "Depreciation per unit rate" answers to 2 decimal places.) Select formula for Units of Production Depreciation (Cost - Residual)/Total units of production 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