Q-3: (Chapter-10): A10-8 Depreciation Computation: Mace Company acquired equipment that cost $36,000, which will be depreciated on the assumption that the equipment will last six years and have a $2,400 residual value. Component parts are not significant and need not be recognized and depreciated separately. Several possible methods of depreciation are under consideration. Required (8 Marks): 1. Prepare a schedule that shows annual depreciation expense for the first two years, assuming the following (show computations and round to the nearest dollar)