Required information

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

On October $1,2024,$ the Allegheny Corporation purchased equipment for $$332,000.$ The estimated service life of the

equipment is $10$ years and the estimated residual value is $$2,000.$ The equipment is expected to produce $550,000$ 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.

Straight$-$line. Double$-$declining$-$balance. and Units of production $($units produced in $2024,30,000$; units produced in $2025,45,000).$

Note: Round "Depreciation per unit rate" answers to $2$ decimal places.