Required information

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

On January $1,2024,$ the Allegheny Corporation purchased equipment for $$162,000.$ The estimated service life of the

equipment is $10$ years and the estimated residual value is $$8,000.$ The equipment is expected to produce $350,000$ units

during its life.

Required:

Calculate depreciation for $2024$ and $2025$ using each of the following methods.

Units of production $($units produced in $2024,42,000$; units produced in $2025,37,000).$

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