Required information Exercise 11-3 (Static) Depreciation methods; partial periods (LO11-2] [The following information applies to the questions displayed below.] On October 1, 2021, the Allegheny Corporation purchased equipment for $115,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life.. Required: Calculate depreciation for 2021 and 2022 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 (Static) Part 2 2. Double-declining-balance. Formula Amount for 2021 Amount for 2022 Double-Declining-Balance Method Choose Numerator: x Choose Denominator: X . % x K Fraction of Year Fraction of Year Depreciation Expense Depreciation Expense