On April 1, 2014, Cyclone's Backhoe Co. purchases a trencher for $330,000. The machine is expected to last six years and have a salvage value of $33,000. Compute depreciation expense for both years ending December 2014 and 2015 assuming the company uses the straight-line method. Choose Numerator: 1 Choose Denominator: Annual Depreciation Annual depreciation Cost minus salvage Estimated useful life (years) = 1 Fraction of Year Depreciation Expense Year Annual Depreciation X 2014 2015 9/12 12/12