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Required information (The following information applies to the questions displayed below.] On January 1, 2021,...

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Accounting

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Required information (The following information applies to the questions displayed below.] On January 1, 2021, the Allegheny Corporation purchased equipment for $148,000. The estimated service life of the equipment is 10 years and the estimated.residual value is $16,000. The equipment is expected to produce 400,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 3. Units of production (units produced in 2021, 48,000; units produced in 2022, 43,000). (Round "Depreciation per unit rate" answers to 2 decimal places.) Select formula for Units of Production Depreciation: Calculate 2021 depreciation expense: Depreciation per unit rate 48,000 Units produced in 2021 Depreciation in 2021 Calculate 2022 depreciation expense: Depreciation per unit rate 43,000 Units produced in 2022 Depreciation in 2022

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