! Required information [The following information applies to the questions displayed below.] On October 1, 2021, 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 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. 2. Double-declining-balance. Formula Amount for 2021 Amount for 2022 Double-Declining-Balance Method Choose Numerator: * Choose Denominator: Fraction of Year = Depreciation Expense x Fraction of Year = Depreciation Expense % %