[The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $128,000. The estimated service life of the equipment is 10 years and the estimated residual value is $7,000. The equipment is expected to produce 200,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods.

1. Straight line. Straight-Line Depreciation Choose Denominator: Choose Numerator: Annual Depreciation Expense = Depreciation Expense Depreciation Expense 2021 2022 2. Double-declining balance. End of Period Depreciation for the Period Beginning of Annual Period Period Book | Depreciation Depreciation Value Rate (%) Expense 2021 2022 Accumulated Depreciation Book Value 0 $ 3. Units of production (units produced in 2021, 31,000; units produced in 2022, 26,000). (Round "Depreciation per unit rate" answers to 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