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! Required information Exercise 11-4 (Algo) Other depreciation methods [LO11-2] [The following information applies to...

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! Required information Exercise 11-4 (Algo) Other depreciation methods [LO11-2] [The following information applies to the questions displayed below) On January 1, 2021, the Allegheny Corporation purchased equipment for $199,000. The estimated service life of the equipment is 10 years and the estimated residual value is $12,000. The equipment is expected to produce 248,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Exercise 11-4 (Algo) Part 2 2. One hundred fifty percent declining balance. (Round final answers to the nearest whole dollar amount.) Year Depreciation expense 2021 2022

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