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Required information

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

$[$The following information applies to the questions displayed below.$]$

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.

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

Straight$-$line.