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

On January 1,2024, the Allegheny Corporation purchased equipment for $134,000. The estimated service life of the equipment is 10 years and the estimated residual value is $2,000. 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:
Straight Line.
On January 1,2024, the Allegheny Corporation purchased equipment for $134,000. The

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