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 $245,000. The estimated service life of the equipment is 10 yeats and the estimated residual value is $3,000. The equipment is expected to produce 440,000 units during its life: Required: Calculate depreciation for 2024 and 2025 using each of the following methods. Partialyear depreciation is calculated based on the number of months the asset is in service. Exercise 11-3 (Algo) Part 2 2. Double-declining-balance