Required Information [The following information applies to the questions displayed below] On October 1, 2024, the Allegheny Corporation purchased equipment for $299,000. The estimated service ife of the equipment is 10 years and the estimated residual value is $2,000. The equipment is expected to produce 540,000 units during tos life. Required: Calculate depreclation for 2024 and 2025 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. Required Information [The following information applies to the questions displayed below] On October 1, 2024, the Allegheny Corporation purchased equipment for $299,000. The estumated service life of the equipment is 10 years and the estimated residual value is $2,000. The equipment is expected to produce 540,000 units durting its tife. Required: Caiculate depreciation for 2024 and 2025 using each of the following methods. Parval-year depreciation is calculated based on the number of months the asset is in service. 2. Double-decining-balance. Required Information The following information applies to the questions displayed below] On October 1,2024 , the Allegheny Corporation purchased equipment for $299,000. The estimated service life of the equipment is 10 years and the estimated residual value is $2,000. The equipment is expected to produce 540,000 units during its tife. Requlred: Calculate depreciation for 2024 and 2025 using each of the following methods. Partal-year depreciation is calculated based on the number of months the asset is in service. 3. Units of production (units produced in 2024, 27,000; units produced in 2025, 42,000) Note: Round "Deprecletion per unlt rate" answers to 2 decimal ploces