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Required information

$[$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.

$2.$ Double$-$declining$-$balance.

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