Required information [The following information applies to the questions displayed below.] On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $294,000. The machine is expected to last five years and have a salvage value of $47,000. Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: = = Annual Depreciation Annual depreciation Year Annual Depreciation | X x Fraction of Year = Depreciation Expense 2017 X 2018 X Required information [The following information applies to the questions displayed below.] On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $294,000. The machine is expected to last five years and have a salvage value of $47,000. Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the double-declining- balance method. (Enter all amounts as positive values.) End of Period Depreciation for the Period Beginning of Depreciation Partial Period Book Rate Year Value Annual Period Depreciation Expense Accumulated Depreciation Book Value $ 0 $ $ 0$ 2017 2018