Required information [The following information applies to the questions displayed below. On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $292,000. The machine is expected to last five years and have a salvage value of $46,000. 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 2017 2018 Fraction of Year Depreciation Expense