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Calculate depreciation using straight-line method

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Question - On January 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. Calculate depreciation for 2021 and 2022 using straight-line method.

Reference no: EM133058280

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