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Exercise 77-S (AIgo) vepreciation metnoas; partial perioas [LUTI-L] [The following information applies to...

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Accounting

Exercise 77-S (AIgo) vepreciation metnoas; partial perioas [LUTI-L]
[The following information applies to the questions displayed below.]
On October 1.2024, the Allegheny Corporation purchased equipment for $233,000. The estimated service life of the
equipment is 10 years and the estimated residual value is $2,000. The equipment is expected to produce 420,000 units
during its life.
Required:
Calculate depreciation for 2024 and 2025 using each of the following methods. Partial-year depreciation is calculated
based on the number of months the asset is in service.
Exercise 11-3(Algo) Part 2
Double-declining-balance.
image

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