Required information [The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $130,000. The estimated service life of the equipment is 10 years and the estimated residual value is $9,000. The equipment is expected to produce 300,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Straight-line Straight-Line Depreciation Choose Numerator: 1 Choose Denominator: Formula Amounts Depreciation Expense 2021 2022 Annual Depreciation Expense Depreciation Expense