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Exercise $11-3($Algo$)$ Depreciation methods; partial periods $[$LO$11-2]$

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On October $1,2024,$ the Allegheny Corporation purchased equipment for $$123,000.$ The estimated service life of the equipment is $10$ years and the estimated residual value is $$2,000.$ The equipment is expected to produce $220,000$ 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.

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

$3.$ Units of production $($units produced in $2024,11,000$; units produced in $2025,26,000).$

Note: Round "Depreciation per unit rate" answers to $2$ decimal places.

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