On April 1, Cyclone's Co. purchases a trencher for $296,000. The machine is expected to last five years and have a salvage value of $48,000.

On April 1, Cyclone's 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 at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: - Annual Depreciation Annual depreciation Year Annual Depreciation X Fraction of Year Depreciation Expense First year Second year