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On January 1,2024, the Allegheny Corporation purchased equipment for $134,000. The estimated service life of...

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Accounting

On January 1,2024, the Allegheny Corporation purchased equipment for $134,000. The estimated service life of the equipment is 10 years and the estimated residual value is $2,000. The equipment is expected to produce 240,000 units during its life.
Required:
Calculate depreciation for 2024 and 2025 using each of the following methods:
Straight Line.
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