Question: Required information Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2] [The following information applies to the questions displayed below] On October 1, 2024, the

information applies to the questions displayed below] On October 1, 2024, the

Allegheny Corporation purchased equipment for $166,000. The estimated service life of the

Required information Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2] [The following information applies to the questions displayed below] On October 1, 2024, the Allegheny Corporation purchased equipment for $166,000. The estimated service life of the equipment is 10 years and the estimated residual value is $1,000. The equipment is expected to produce 330,000 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 1. Straight-line. Straight Line Depreciation Choose Numerator: Choose Denominator Annual Depreciation Formula Amounts Annual Depreciation Year 2024 Annual Depreciation M Fraction of Year Depreciation expense 2025 W Required information Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2] [The following information applies to the questions displayed below] On October 1, 2024, the Allegheny Corporation purchased equipment for $166,000. The estimated service life of the equipment is 10 years and the estimated residual value is $1,000. The equipment is expected to produce 330,000 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 2 2. Double-declining-balance Formula Amount for 2024 Amount for 2025 Double Declining Balance Method Fraction of Year Depreciation Expense % K Required information Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2) [The following information applies to the questions displayed below] On October 1, 2024, the Allegheny Corporation purchased equipment for $166,000 The estimated service life of the equipment is 10 years and the estimated residual value is $1,000. The equipment is expected to produce 330,000 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, 15,000, units produced in 2025, 30,000) Note: Round "Depreciation per unit rate" answers to 2 decimal places. Select formula for Units of Production Depreciation: Calculate 2024 depreciation expense Depreciation per unit rate : Units produced in 2024 Depreciation in 2024 Calculate 2025 depreciation expense Depreciation per unit rate Units produced in 2025 Depreciation in 2025

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