Business, 12.03.2021 15:00 Shadowhawk681
(Algo) Other depreciation methods [LO11-2] (The following information applies to the questions displayed below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $127,000. The estimated service life of the equipment is 10 years and the estimated residual value is $6,000. The equipment is expected to produce 224,000 units during its life.
Required: Calculate depreciation for 2021 and 2022 using each of the following methods.
Exercise 11-4 (Algo) Part 2
2. One hundred fifty percent declining balance. (Round final answers to the nearest whole dollar amount.)
Year Depreciation expense
2021
2022
Answers: 2
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