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Required information

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On October $1,2021,$ the Allegheny Corporation purchased equipment for $$245,000.$ The estimated service life of the equipment is $10$ years and the estimated residual value is $$3,000.$ The equipment is expected to produce $440,000$ units during its life.

Required:

Calculate depreciation for $2021$ and $2022$ using each of the following methods. Partial$-$year depreciation is calculated based on the number of months the asset is in service.

Straight$-$line.

$\backslash$table$[[$Straight$-$Line Depreciation$],[,$Choose Numerator:,$1,$Choose Denominator:,$=,$Annual Depreciation$],[$Formula$,8,1,,=,$Annual Depreciation$],[2,{?}_{?},,,,$