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Required information The following information applies to the questions displayed below) On October 1, 2021, the Allegheny Corporation purchased equipment for $148,000. The estimated service
Required information The following information applies to the questions displayed below) On October 1, 2021, the Allegheny Corporation purchased equipment for $148,000. The estimated service life of the equipment is 10 years and the estimatecl residual value is $5,000. The equipment is expected to produce 260.000 units cluring 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 End of Period Depreciation for the Period Depreciation Fraction of Rate (95) Year Beginning of Period Book Value Annual Period Depreciation Expense Accumulated Depreciation Book Value 2021 Required information The following information applies to me questions displayed below) On October 1, 2021, the Allegheny Corporation purchased euipment for $18.000 The estimated serv celle of the equipment is 10 years and the estimated residual value is $5.000. The equipment is expected to produce 260,000 units during its life Required: Calculate depreciation for 2021 and 2022 un ench of the following methods. Part al-year depreciation is calculated based on the number of months the asset is in service. 3. Units of production (units produced in 2021, 13,000; units produced in 2022, 28,000). (Round "Depreciation per unit rete answers to 2 decimal places ] Select formula for Units of Production Depreciation. Calculate 2021 deprecion expanse Deprenahan pauritate Units produced n2x21 Deprecatan 22 Calculate 2022 depreciation expanse Deoreali per unilat Units priced n 2002 Depreciation in 2022
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