! 1 Required information (The following information applies to the questions displayed below.] 2.2 points On April 1, Cyclone's Co. purchases a trencher for $312,000. The machine is expected to last five years and have a salvage value of $56,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. eBook Choose Numerator: 1 Choose Denominator: Annual Depreciation Hint Annual depreciation 1 Print Year Annual Depreciation Fraction of Year = Depreciation Expense X First year Second year References