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Required information Exercise 11-3 (Algo) Depreciation methods partial periods [LO11-2] [The following information applies to the questions displayed below.] On October 1, 2021, the Allegheny
Required information Exercise 11-3 (Algo) Depreciation methods partial periods [LO11-2] [The following information applies to the questions displayed below.] On October 1, 2021, the Allegheny Corporation purchased equipment for $213,000. The estimated service life of the equipment is 10 years and the estimated residual value is $4,000. The equipment is expected to produce 380,000 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 1 1. Straight-line. 2. Double-declining-balance. 3. Units of production (units produced in 2021,19,000; units produced in 2022,34,000 ). (Round "Depreciation per unit rate" answers to 2 decimal places.)
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