Exercise 11-4 (Algo) Other depreciation methods LO11-21 [The following information applies to the questions displaved below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $343,000. The estimated service life of the equipment is 10 years and the estimated residual value is $24,000. The equipment is expected to produce 296.000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Print Exercise 11-4 (Algo) Part 1 References 1. Sum-of-the-years'-digits (Do not round intermediate calculations. Round final answers to the nearest whole dollar amount.)
Exercise 11-4 (Algo) Other depreciation methods LO11-21 [The following information applies to the questions displaved below.) On January 1, 2021, the Allegheny Corporation purchased equipment for $343,000. The estimated service life of the equipment is 10 years and the estimated residual value is $24,000. The equipment is expected to produce 296.000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. Print Exercise 11-4 (Algo) Part 1 References 1. Sum-of-the-years'-digits (Do not round intermediate calculations. Round final answers to the nearest whole dollar amount.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 11-4 (Algo) Other depreciation methods LO11-21
[The following information applies to the questions displaved below.)
On January 1, 2021, the Allegheny Corporation purchased equipment for $343,000. The estimated service life of the equipment is 10 years and the estimated residual value is $24,000. The equipment is expected to produce 296.000 units during its life.
Required:
Calculate depreciation for 2021 and 2022 using each of the following methods.
Print
Exercise 11-4 (Algo) Part 1
References
1. Sum-of-the-years'-digits (Do not round intermediate calculations. Round final answers to the nearest whole dollar amount.)
![Required information
Exercise 11-4 (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 $343,000. The estimated service life of the
equipment is 10 years and the estimated residual value is $24,000. The equipment is expected to produce 296,000 units
during its life.
Required:
Calculate depreciation for 2021 and 2022 using each of the following methods.
Exercise 11-4 (Algo) Part 1
1. Sum-of-the-years'-digits (Do not round intermediate calculations. Round final ans vers to the nearest whole dollar amount.)
X Answer is complete but not entirely correct.
Depreciation
expense
Year
2021
2022
$
$
52,436 X
46,036 X
9](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe313bcc6-6d96-4bea-a856-5c9788afe468%2Ff645903b-2e7f-4356-b687-373953f95ebd%2F0n7nzco_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Exercise 11-4 (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 $343,000. The estimated service life of the
equipment is 10 years and the estimated residual value is $24,000. The equipment is expected to produce 296,000 units
during its life.
Required:
Calculate depreciation for 2021 and 2022 using each of the following methods.
Exercise 11-4 (Algo) Part 1
1. Sum-of-the-years'-digits (Do not round intermediate calculations. Round final ans vers to the nearest whole dollar amount.)
X Answer is complete but not entirely correct.
Depreciation
expense
Year
2021
2022
$
$
52,436 X
46,036 X
9
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