Required information [The following information applies to the questions displayed below) On April 1, Cyclone Co. 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-lir method Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation Year Annual Depreciation Fraction of Year Depreciation Expense First year Required information [The following information applies to the questions displayed below.) On April 1, Cyclone Co. purchases a trencher for $306,000. The machine is expected to last five years salvage value of $53,000. Compute depreciation expense at December 31 for both the first year and second year assuming the compar method. Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation Cost minus salvage Estimated useful life (years) Year Annual Depreciation X Fraction of Year Depreciation Expense First year Second year