On April 1, Cyclone Company purchases a trencher for $292,000. The machine is expected to last five years and have a salvage value of $46,000. Exercise 10-11 (Algo) 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: = Year Annual Depreciation X Fraction of Year First year Second year Annual Depreciation == Annual depreciation == Depreciation Expense == = On April 1, Cyclone Company purchases a trencher for $292,000. The machine is expected to last five years and have a salvage value of $46,000. Exercise 10-11 (Algo) 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: = Year Annual Depreciation X Fraction of Year First year Second year Annual Depreciation == Annual depreciation == Depreciation Expense == =