Required information [The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $150,000. The estimated service life of the equipment is 10 years and the estimated residual value is $18,000. The equipment is expected to produce 240,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods.

straight line :

	choose numerator	/	choose denominator	=	annual depreciation
	cost minus salvage	/	estimated useful life (years)	=	depreciation expense
	$	/		=	$
	Depreciation Expense
2021	$
2022	$