Required information [The following information applies to the questions displayed below.) On January 1, 2021, the Alleg

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Required Information The Following Information Applies To The Questions Displayed Below On January 1 2021 The Alleg 1 (39.27 KiB) Viewed 87 times

Required information [The following information applies to the questions displayed below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $150,000. The estimated service life of the equipment is 10 years and the estimated residual value is $7000. The equipment is expected to produce 300,000 units during its life Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 3. Units of production (units produced in 2021, 43,000 units produced in 2022, 38,000). (Round "Depreciation per unit rote" answers to 2 decimal places.) Select formula for Units of Production Depreciation: (Cost Residual) / Total units of production Calculato 2021 depreciation exponso Depreciation per unit rate Units produced in 2021 Depreciation in 2021 Calculato 2022 depreciation expenso Depreciation per unit rate Units produced in 2022 Depreciation in 2022