Required information [The following information applies to the questions displayed below.) On April 1. Cyclone's 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 at December 31 for the first and second year assuming the company uses the straight-line method, Choose Numerator: 1 Choose Denominator: Annual Depreciation Annual depreciation 0 Year Annual Depreciation Fraction of Year Depreciation Expense First year Second year