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[The following information applies to the questions displayed below.] On January 1, 2024, the Allegheny Corporation purchased equipment for $115,000. The estimated service life of

[The following information applies to the questions displayed below.] On January 1, 2024, the Allegheny Corporation purchased equipment for $115,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the following methods. 2. Double-declining-balance. Formula Amount for 2024 Amount for 2025 Double-Declining-Balance Method xx % % = Depreciation Expense E H
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[The following infoumation applies to the questions displayed below] On Jansary 1, 2024, the Allegheny Corporation purchased equipment for $115,000. The estimated service iffe of the equipment is 10 years and the estimated iesidual value is $5,000. The equipment is expected to produce 220,000 units during its life Required: Calculate depreciation for 2024 and 2025 using each of the following methods 2. Double-declining-balence

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