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[The following information applies to the questions displayed below.] On April 1, Cyclone's Co. purchases a trencher for $296,000. The machine is expected to last five years and have a salvage value of $48,000.

Compute depreciation expense at December 31 for the first 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	=	Depreciation Expense
First year		x
Second year		x