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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 $115,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 1. Sum of the years' digits (Do not round intermediate calculations. Round final answers to the nearest whole dollar amount.) Year Depreciation expense 2021 2022 Required information The following information applies to the questions displayed below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $115,000. The estimated service ilfe of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life Required: Calculate depreciation for 2021 and 2022 using each of the following methods 2. One hundred fifty percent declining balance (Round final answers to the nearest whole dollar amount.) Year Depreciation expense 2021 2022 5 14.063 Saved ! Required information [The following information applies to the questions displayed below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $115,000. The estimated service ife of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 3. Assume instead the equipment was purchased on October 1, 2021. Calculate depreciation for 2021 and 2022 using each of the two methods. Partial year depreciation is calculated based on the number of months the asset is in service. (Do not round Intermediate answers and round your answers to the nearest whole dollar amount.) Sum of the years agts One hundred tify percent deciring balance 5 5 2021 5.000 s 4,313 2022 19,500