! Required information [The following information applies to the questions displayed below) On January 1, 2021, the Allegheny Corporation purchased equipment for $128.000. The estimated service life of the equipment is 10 years and the estimated residual value is $7.000. The equipment is expected to produce 220,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. ok ances 2. Double-declining balance, End of Period Annual Period Depreciation for the Period Beginning of Period Book Depreciation Depreciation Value Rate(%) Expense $ 120,000 Accumulated Book Value Depreciation 5 120,000 $ 05 120.000 2021 2022 ! Required information [The following information applies to the questions displayed below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $128,000. The estimated service life of the equipment is 10 years and the estimated residual value is $7,000. The equipment is expected to produce 220,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 3. Units of production (units produced in 2021, 36,000; units produced in 2022, 31000). (Round "Depreciation per unit rate" answers to 2 decimal places.) Select formula for Units of Production Depreciation: Calculate 2021 depreciation expenso Depreciation per unit rate Units produced in 2021 Depreciation in 2021 Calculate 2022 depreciation expense Depreciation por unit rote Units produced in 2022 Depreciation in 2022 O Required information [The following information applies to the questions displayed below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $128,000. The estimated service life of the equipment is 10 years and the estimated residual value is $7,000. The equipment is expected to produce 220,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 1. Straight line Answer is complete and correct. Choose Numerator: 1 Straight-Line Depreciation Choose Denominator: Estimated Useful Life Cyears) 10 Annual Depreciation Expense Depreciation Exponse 12.100 Cost minus salvage $ 121,000 Depreciation Expense $ 12,100 5 12,100 2021 2022