4 Required information Part 1 of 2 Use the following information for the Exercises below. [The following information applies to the questions displayed below.] 12.5 points On April 1, Cyclone's Co. purchases a trencher for $318,000. The machine is expected to last five years and have a salvage value of $59,000. 02:35:15 Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. eBook Hint Choose Numerator: 11 Choose Denominator: Annual Depreciation Annual depreciation 7 Print Year Annual Depreciation X Fraction of Year Depreciation Expense First year Second year References