Mace Company acquired equipment that cost $44,000, which will be depreciated on the assumption that the...

 

 

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Mace Company acquired equipment that cost $44,000, which will be depreciated on the assumption that the equipment will last six years and have a $4,100 residual value. Component parts are not significant and need not be recognized and depreciated separately. Several possible methods of depreciation are under consideration. Required: 1. Prepare a schedule that shows annual depreciation expense for the first two years, assuming the following (Round your answer to nearest whole dollar.): Mace Company acquired equipment that cost $44,000, which will be depreciated on the assumption that the equipment will last six years and have a $4,100 residual value. Component parts are not significant and need not be recognized and depreciated separately. Several possible methods of depreciation are under consideration. Required: 1. Prepare a schedule that shows annual depreciation expense for the first two years, assuming the following (Round your answer to nearest whole dollar.):