Required information [The following information applies to the questions displaye On January 1, 2024, the Allegheny Corporation purchased service life of the equipment is 10 years and the estimated expected to produce 260,000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the w.] hent for $160,000. The estimated l value is $17,000. The equipment is ving methods. 2. Double-declining-balance. Formula Amount for 2024 Amount for 2025 Double-Declining-Balance M x x x Depreciation Expense % = % =