Question: On October 1 , 2 0 2 4 , the Allegheny Corporation purchased equipment for $ 2 5 7 , 0 0 0 . The

On October 1,2024, the Allegheny Corporation purchased equipment for $257,000. The estimated service life of the equipment is 10 years and the estimated residual value is $4,000. The equipment is expected to produce 460,000 units during its life.
Required:
Calculate depreciation for 2024 and 2025 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service.
3. Units of production (units produced in 2024,23,000; units produced in 2025,38,000).

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