On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $298,000. The machine is expected to last five years and have a salvage value of $49,000. Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation - 0 = Depreciation Expense Year Annual Depreciation Fraction of Year X 2016 x 2017 X