Question: On January 1 , 2 0 2 4 , the Allegheny Corporation purchased equipment for $ 3 0 7 , 0 0 0 . The

On January 1,2024, the Allegheny Corporation purchased equipment for $307,000. The estimated service life of the equipment is 10 years and the estimated residual value is $21,000. The equipment is expected to produce 284,000 units during its life.
Required:
Calculate depreciation for 2024 and 2025 using each of the following method
1. Sum-of-the-years-digits
2.150% declining balance.

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