Required information The following information applies to the questions displayed below On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $282,000. The machine is expected to last five years and have a salvage value of $41,000. Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method. Annual Depreciation Choose Numerator:Choose Denominator: Annual depreciation Depreciation Expense Year Annual Depreciationx 2016 2017 Fraction of Year