Required information Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2] [The following information applies to the questions displayed below] On October), 2024, the Allegheny Corporation purchased equipment for $233,000. The estimated service life of the equipment i 10 years and the estimated residual value is $2,000. The equipment is expected to produce 420,000 units during its life. Required: Calculate depreciation for 2024 and 2025 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. Required information Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2] [The following information applies to the questions displayed below] On October 1,2024 , the Allegheny Corporation purchased equipment for $233,000. The estimated service life of the equipment is 10 years and the estimoted residual value is $2,000. The equipment is expected to produce 420,000 units during its life. Required: Calculate depreciation for 2024 and 2025 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. Required information Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2] [The following information applies to the questions displayed below.] On October 1, 2024, the Allegheny Corporation purchased equipment for $233,000. The estimated service life of the equipment is 10 years and the estimated residual value is $2,000. The equipment is expected to produce 420.000 units during its life. Required: based on the number of months the asset is in service. Exercise 11-3 (Algo) Part 3 3. Units of production (units produced in 2024, 21,000; units produced in 2025, 36,000) Note: Round "Depreciation per unit rate" answers to 2 decimal places