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

Required information
[The following information applies to the questions displayed below.]
On January 1,2024, the Allegheny Corporation purchased equipment for $150,000. The estimated service life of the equipment is 10 years and the estimated residual value is $7,000. The equipment is expected to produce 180,000 units during its life.
Required:
Calculate depreciation for 2024 and 2025 using each of the following methods.
2. Double-declining-balance.
\table[[Double-Declining-Balance Method,,,,,],[Formula,,,,,,],[Amount for 2024,,x,,%,=,],[Amount for 2025,,x,,%,=,]]
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