Required information The following information applies to the questions displayed below.) On October 1, 2021, the Allegheny Corporation purchased equipment for $278,000. The estimated service life of the equipment is 10 years and the estimated residual value is $3,000. The equipment is expected to produce 550,000 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. Straight-line. Straight-Line Depreciation Choose Denominator Choose Numerator Annual Depreciation Annual Depreciation Formula Annual Depreciation Fraction of Year Depreciation expense Amounts Year 2021 2022 X [The following information applies to the questions displayed below.) On October 1, 2021, the Allegheny Corporation purchased equipment for $278,000. The estimated service life of the equipment is 10 years and the estimated residual value is $3,000. The equipment is expected to produce 550,000 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. 2. Double-declining balance Double-Declining-tance Method Choose Denominator Choose Numeratori Fraction of Year Fraction of Year Depreciation Expense Depreciation Expense Formula Amount for 2021 Amount for 2022 XX 3. Units of production (units produced in 2021, 25.000; units produced in 2022, 40,000). (Round "Depreciation per unit rate" answers to 2 decimal places.) Select formula for Units of Production Depreciation: Calculate 2021 depreciation expense: Depreciation per unit rate Units produced in 2021 Depreciation in 2021 Calculate 2022 depreciation expense Depreciation per unit rate Units produced in 2022 Deprecintion in 2022