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Exercise $11-4($Algo$)$ Other depreciation methods $[$LO$11-2]$

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On January $1,2024,$ the Allegheny Corporation purchased equipment for $$175,000.$ The estimated service life of the equipment is $10$ years and the estimated residual value is $$10,000.$ The equipment is expected to produce $240,000$ units during its life.

Required:

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

Exercise $11-4($Algo$)$ Part $3$

$3.$ Assume instead the equipment was purchased on October $1,2024.$ Calculate depreciation for $2024$ and $2025$ using each of the two methods. Partial$-$year depreciation is calculated based on the number of months the asset is in service.

Note: Do not round intermediate answers and round your answers to the nearest whole dollar amount.