Required information [The following information applies to the questions displayed below.) On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $316,000. The machine is expected to last five years and have a salvage value of $58,000. Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. Choose Numerator: 1 Choose Denominator: Annual Depreciation Annual depreciation Year Annual Depreciation Fraction of Year Depreciation Expense 2017 2018