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oblems Saved Required information (The following information applies to the questions displayed below.) On April 1. Cyclone Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation = Annual depreciation Fraction of Year Depreciation Expense Year Annual Depreciation X X First year Second year Je of depreciation expense at December 31 for boti Choose Numerator: 1 Choose Deno Fraction o Beginning book value ar rear Cost Cost minus salvage se at December 31 for both the first year and seco ator: 1 Choose Denominator: Annual 1 Annual 7 ciation Dep E> Double the SL rate Estimated units of production Estimated useful life (years)