[The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $170,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 300,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Straight-line. Straight-Line Depreciation Choose Numerator: Choose Denominator: = Annual Depreciation Expense = Depreciation Expense Formula Amounts Depreciation Expense 2021 2022 [The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $170,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 300,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 2. Double-declining-balance. Double-Declining-Balance Method Choose Numerator: * Choose Denominator: = Depreciation Expense = Depreciation Expense Formula Amount for 2021 % Amount for 2022 % II [The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $170,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 300,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. . Units of production (units produced in 2021, 45,000; units produced in 2022, 40,000). (Round "Depreciation per unit rate" answers - 2 decimal places.) Select formula for Units of Production Depreciation: Calculate 2021 depreciation expense: Depreciation per unit rate Units produced in 2021 Depreciation in 2021 Calculate 2022 depreciation expense: Depreciation per unit rate Units produced in 2022 Depreciation in 2022