Required Information Exercise 11-4 (Algo) Other depreciation methods (L011-2) [The following information applies to the questions displayed below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $187,000. The estimated service life of the equipment is 10 years and the estimated residual value is $11,000. The equipment is expected to produce 244,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Exercise 11-4 (Algo) Part 1 1. Sum of-the-years' digits (Do not round Intermediate calculations. Round final answers to the nearest whole dollar amount.) Your Depreciation expense 2021 2022 ! Required information Exercise 11-4 (Algo) Other depreciation methods [LO11-2] (The following information applies to the questions displayed below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $187,000. The estimated service life of the equipment is 10 years and the estimated residual value is $11,000. The equipment is expected to produce 244,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods Exercise 11-4 (Algo) Part 2 2. One hundred fifty percent declining balance. (Round final answers to the nearest whole dollar amount.) Year Depreciation exponso 2021 2022