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Required information [ The following information applies to the questions displayed below. ] On October 1 , 2 0 2 4 , the Allegheny Corporation

Required information
[The following information applies to the questions displayed below.]
On October 1,2024, the Allegheny Corporation purchased equipment for $213,000. The estimated service life of the equipment is 10 years and the estimated residual value is $4,000. The equipment is expected to produce 380,000 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.
3. Units of production (units produced in 2024,19,000; units produced in 2025,34,000).
Note: Round "Depreciation per unit rate" answers to 2 decimal places.
\table[[Select formula for Units of Production Depreciation:],[],[Calculate 2024 depreciation expense:],[Depreciation per unit rate],[Units prifed in 2024],[Depreciation in 2024],[Calculate 2025 depreciation expense:],[Depreciation per unit rate],[Units produced in 2025],[Depreciation in 2025]]N
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