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Required information [The following information applies to the questions displayed below.] On April 1, Cyclone Company purchases a trencher for $294,000. The machine is expected

Required information [The following information applies to the questions displayed below.] On April 1, Cyclone Company 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 at December 31 for both the first year 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 First year Second year = Depreciation Expense

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