Required information (The following information applies to the questions displayed below.) On October 1, 2021, the Allegheny Corporation purchased equipment for $267,000. The estimated service life of the equipment is 10 years and the estimated residual value is $3,000. The equipment is expected to produce 480,000 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. Depreciation for the Period End of Period Beginning of Period Book Value Depreciation Rate (%) Fraction of Year Depreciation Expense Accumulated Annual Period Book Value Depreciation 2021 2022