Required information Exercise 11-4(Algo) Other depreciation methods [LO11-2] Skip to question [The...

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Required information
Exercise 11-4(Algo) Other depreciation methods [LO11-2]
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[The following information applies to the questions displayed below.]
On January 1,2024, the Allegheny Corporation purchased equipment for $175,000. The estimated service life of the equipment is 10 years and the estimated residual value is $10,000. 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.
Exercise 11-4(Algo) Part 3
3. Assume instead the equipment was purchased on October 1,2024. Calculate depreciation for 2024 and 2025 using each of the two methods. Partial-year depreciation is calculated based on the number of months the asset is in service.
Note: Do not round intermediate answers and round your answers to the nearest whole dollar amount.
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