Required information [The following information applies to the questions displayed below) On October 1, 2021, 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 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. Double-Reclining-Balance Method * Choose Denominator: Choose Numerator: Formula Fraction of Year Fraction of Year - Depreciation Expense Depreciation Expanse Amount for 2021 Amount for 2022 w M