[The following information applies to the questions displaye On January 1, 2024, the Allegheny Corporation purchased service life of the equipment is 10 years and the estimated expected to produce 260,000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the 3. Units of production (units produced in 2024, 39,000; units prod Note: Round "Depreciation per unit rate" answers to 2 decimal Select formula for Units of Production Depreciation: Calculate 2024 depreciation expense: Depreciation per unit rate Units produced in 2024 Depreciation in 2024 Calculate 2025 depreciation expense: Depreciation per unit rate Units produced in 2025 Depreciation in 2025 w.] hent for $160,000. The estimated l value is $17,000. The equipment is wing methods. n 2025, 34,000).