r $11$ Homework

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Requlred Information

Exercise $11-2($Algo$)$ Depreciation methods $[$LO$11-2]$

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On January $1,2024,$ the Allegheny Corporation purchased equipment for $$162,000.$ The estimated service life of the equipment is $10$ years and the estimated residual value is $$8,000.$ The equipment is expected to produce $350,000$ units during its life.

Required:

Calculate depreciation for $2024$ and $2025$ using each of the following methods.

Exercise $11-2($Algo$)$ Part $2$

$2.$ Double$-$declin$$ng$-$balance.

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