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Required information Skip to question [ The following information applies to the questions displayed below. ] On January 1 , 2 0 2 4 ,

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[The following information applies to the questions displayed below.]
On January 1,2024, the Allegheny Corporation purchased equipment for $128,000. The estimated service life of the equipment is 10 years and the estimated residual value is $7,000. The equipment is expected to produce 200,000 units during its life.
Required:
Calculate depreciation for 2024 and 2025 using each of the following methods.
1. Straight-line.

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