Required information [The following information applies to the questions displaye On October 1, 2024, the Allegheny Corporation purchased service life of the equipment is 10 years and the estimated expected to produce 540,000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the depreciation is calculated based on the number of months t w.] hent for $299,000. The estimated al value is $2,000. The equipment is wing methods. Partial-year set is in service. 1. Straight-line. Straight-Line Depreciation Choose Numerator: Choose Denomina Formula 1 Amounts Year Annual Depreciation x Fraction of Yea 2024 2025 x x Annual Depreciation Annual Depreciation Depreciation expense