On October $1,2024,$ the Allegheny Corporation purchased equipment for $$314,000.$ The estimated service life of the equipment is $10$ years, and the estimated residual value is $$6,000.$ The equipment is expected to produce $550,000$ units during its life.

Part $1$ of $3$

$0\mathrm{.}27$

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.

points

$01$:$57$:$08$

Exercise $11-3($Algo$)$ Part $1$

Straight$-$line.

$\backslash$table$[[$Straight$-$Line Depreciation$],[,$Choose Numerator:,$,$Choose Denominator:,$=,$Annual Depreciation$],[$Formula$,,+,,=,$Annual Depreciation$],[$Amounts$,,+,,=,r$