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Exercise $11-2($Algo$)$ Depreciation methods $[$LO$11-2]$

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On January $1,2024,$ the Allegheny Corporation purchased equipment for $$162,000.$ The estimated service life of the equipment is $10$ years and the estimated residual value is $$8,000.$ The equipment is expected to produce $350,000$ units during its life.

Required:

Calculate depreciation for $2024$ and $2025$ using each of the following methods.

Exercise $11-2($Algo$)$ Part $1$

Straight$-$line.

$\backslash$table$[[$Straight$-$Line Depreciation$],[,$Choose Numera,tor:,$,$Choose Dehominator:,,$=,$Annual Depreciation$],[$Formula$,$Cost minus residual,$,,$Estimated Useful Life $($years$),,=,$Annual Depreciation$],[$Amounts$,$$$,143,000,,,10,=,$$$.,14,300],[$Annual Depreci,ation,,,,,,$],[2024,$$$,14,300,,,,,,],[2025,$$$,14,300,,,,,\text{'},]]$

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