Required information

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On October $1,2024,$ the Allegheny Corporation purchased equipment for $$134,000.$ The estimated service life of the

equipment is $10$ years and the estimated residual value is $$2,000.$ The equipment is expected to produce $240,000$ 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.

Double$-$declining$-$balance.

Answer is complete but not entirely correct.