Question 3 (or m) 2.00 points Exercise 11-3 Depreciation methods: partial years [L011-2] On October 1, 2016, the Allegheny Corporation purchased machinery for $332,000. The estimated service life of the machinery is 10 years and the estimated residual value is $2,000. The machine is expected to produce 550,000 units during its life. Required Calculate depreciation for 2016 and 2017 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. (Do not round intermediate calculations.) 1. Straight line. Straight Line Depreciation Choose Numerator Choose Denominator: Annual Depreciation Annual Depreciation Year Annual Depreciation x Depreciation Fraction of Year Expense 2016 2017