Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the straight-line method.

Use the following information for the Exercises below. (Static) [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. Exercise 8-11 (Static) Straight-line, partial-year depreciation LO C2 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 0 Year Annual Depreciation X Fraction of Year Depreciation Expense First year Second year $ 0 Prey. 2 of 8 HIE Next >