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On April $1,$ Cyclone Company purchases a trencher for $$306,000.$ The machine is expected to last five years and have a salvage value of $$53,000.$

Compute depreciation expense at December $31$ for both the first year and second year assuming the company uses the straight$-$line method.

$\backslash$table$[[$Choose Numerator:,Choose Denominator:,$=,$Annual Depreciation,$],[$Beginning book value,$\text{'},,=,$Annual depreciation$],[,,,=,],[$Year$,$Annual Depreciation,$,$Fraction of Year,$=,$Depreciation Expense$],[$First year,,$,,=,],[$Second year,,$,,,]]$