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! Required information [The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $130,000. The estimated
! Required information [The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $130,000. The estimated service life of the equipment is 10 years and the estimated residual value is $9,000. The equipment is expected to produce 300,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 2. Double-declining-balance. Answer is not complete. Double-Declining-Balance Method Choose Numerator: Choose Denominator: Depreciation Expense Depreciation Expense Formula Beginning Book Value Double the Straight-line Rate % = Amount for 2021 Amount for 2022 % 3. Units of production (units produced in 2021, 35,000; units produced in 2022,30,000). (Round "Depreciation per unit rate" answers to 2 decimal places.) Select formula for Units of Production Depreciation: Calculate 2021 depreciation expense: Depreciation per unit rate Units produced in 2021 Depreciation in 2021 Calculate 2022 depreciation expense: Depreciation per unit rate Units produced in 2022 Depreciation in 2022
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