Required information The following information applies to the questions displayed below) On October 1, 2021, 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 2021 and 2022 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service 1. Straight line Straight Line Depreciation 1 Choose Denominator Choose Numerator: Annual Depreciation Annual Depreciation Formula 1 Annual Depreciation x Fraction of Year Depreciation expense Amounts Year 2021 2022 X x