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PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU! Required...

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Accounting

PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU!

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Required information The following information apples to the questlons displayed below] On October 1, 2021, the Allegheny Corporation purchased equlpment for $314,000. The estimated service life of the equipment is 10 years and the estimated residual value Is $6,000. The equlpment is expected to produce 550,000 unlts during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Partial-year depreclation Is calculated based on the number of months the asset is In service. 1. Stralght line Straight-Line Depreciation Choose Numerator: Annual Depreciation Choose Denominator: Annual Depreciation Depreciation expense Year Fraction of Year 2021 3/12 Beginning Book Value 12/12 2022 Cost Cost minus Salvage Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Annual Depreciation Annual Depreciation Depreciation expense Year X 2021 Double the SL Rate 2022 Estimated Units of Production Estimated Useful Life (years) Straight-Line Depreciation Annual Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Annual Depreciation Depreciation expense Year Fraction of Year X 2021 3/12 2022 12/12

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