Required information Exercise 11-3 (Static) 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 $115,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 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 (Static) Part 1 1. Straight-line. based on the number of months the asset is in service. Exercise 11-3 (Static) Part 3 3. Units of production (units produced in 2024, 10,000; units produced in 2025, 25,000). Note: Round "Depreciation per unit rate" answers to 2 decimal places. based on the number of months the asset is in service. Exercise 11-3 (Static) Part 3 3. Units of production (units produced in 2024, 10,000; units produced in 2025, 25,000). Note: Round "Depreciation per unit rate" answers to 2 decimal places