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$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ the Allegheny Corporation purchased equipment for $$139,000.$ The estimated service life of the equipment is $10$ years and the estimated residual value is $$7,000.$ The equipment is expected to produce $228,000$ units during its life.

Required:

Calculate depreciation for $2024$ and $2025$ using each of the following methods.

$3.$ Assume instead the equipment was purchased on October $1,2024.$ Calculate depreciation for $2024$ and $2025$ using each of the two methods. Partial$-$year depreciation is calculated based on the number of months the asset is in service.

Note: Do not round intermediate answers and round your answers to the nearest whole dollar amount.!

Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ the Allegheny Corporation purchased equipment for $$139,000.$ The

estimated service life of the equipment is $10$ years and the estimated residual value is $$7,000.$

The equipment is expected to produce $228,000$ units during its life.

Required:

Calculate depreciation for $2024$ and $2025$ using each of the following methods.

Assume instead the equipment was purchased on October $1,2024.$ Calculate depreciation for $2024$ and

$2025$ using each of the two methods. Partial$-$year depreciation is calculated based on the number of months

the asset is in service.

Note: Do not round intermediate answers and round your answers to the nearest whole dollar amount.