Required information Exercise 11-3 (Algo) Depreciation methods partial periods (L011-2) [The following information applies to the questions displayed below.) On October 1, 2021, the Allegheny Corporation purchased equipment for $203,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 300,000 units during its life. Required: Calculate depreciation for 2021 and 2022 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 2 2. Double-declining balance. Double-Declining-Balance Method Choose Denominator: Choose Numerator: * Fraction of Year - Depreciation Expense Fraction of Year Depreciation Expense M Formula % * Amount for 2021 Amount for 2022