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On April $1,$ Cyclone Company purchases a trencher for $$312,000.$ The machine is expected to last five years and have a salvage value of $$56,000.$

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:,$1,$Choose Denominator:,$=,$Annual Depreciation$],[$Cost minus salvage,$1,$Estimated useful life $($years$),=,$Anne,$],[$$$,,256,000,1,5,=,$$$,51,200],[$Year$,$Ann,ciation,$,$Fraction of Year,$=,,],[$First year,$$,51,200,,\frac{9}{12},=,,],[$Second year,$$,51,200,,\frac{12}{12},=,$$$,51,200]]$