On April 1, Cyclone Company purchases a trencher for $308,000. The machine is expected to last five years and have a salvage value of $54,000. 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: = I Annual Depreciation = Annual depreciation = 0 Year Annual Depreciation Fraction of Year = Depreciation Expense = First year = Second year