Required information Exercise 11-2 (Algo) Depreciation methods [LO11-2] [The following information applies to the questions displayed below.] On Januaty 1, 2024, the Allegheny Corporation purchased equipment for $148,000. The estimated service life of the equipment is 10 years and the estimated residual value is $16,000. The equipment is expected to produce 400.000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the following methods Exercise 11-2 (Algo) Part 2 2. Double-declining-balance