You received partial credit in the previous attempt. View previous attempt 6 [The following information...
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You received partial credit in the previous attempt. View previous attempt 6 [The following information applies to the questions displayed below) On October 1, 2021, 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 2021 and 2022 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. Part 3 of 3 1 points 3. Unlts of production (units produced in 2021, 10,000 units produced in 2022 25,000). (Round "Depreciation per unit rate answers to 2 decimal places.) eBook Select formula for Units of Production Depreciation: Hint 3 0.50 10.000 5.000 $ 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 5 0.50 25,000 12.500 5
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