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Required information [The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $146,000. The estimated service

Required information

[The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $146,000. The estimated service life of the equipment is 10 years and the estimated residual value is $3,000. The equipment is expected to produce 220,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods.

3. Units of production (units produced in 2021, 38,000; units produced in 2022, 33,000). (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
Depreciation in 2022

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