Required Information [The following information applies to the questions displayed below.] On October 1, 2021, the Allegheny Corporation purchased equipment for $314,000. The estimated service life of the equipment is 10 years and the estimated residual value is $6,000. 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. Choose Numerator: = Double-Declining-Balance Method * Choose Denominator: * Fraction of Year * Fraction of Year 20% * 20 % Depreciation Expense = Depreciation Expense Formula Amount for 2021 Amount for 2022 =