Required information Exercise 11-4 (Static) Other depreciation methods (LO11-2] [The following information applies to the questions displayed below.] On January 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. Exercise 11-4 (Static) Part 2 2. 150% declining balance. Note: Round final answers to the nearest whole dollar amount. Year Depreciation expense 2024 2025