On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $296,000. The machine is expected to last five years and have a salvage value of $48,000. Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation : = Annual depreciation Year Annual Depreciationx Fraction of Year = | Depreciation Expense 2017 2018