Required information [The following information applies to the questions displayed below.] On April 1, Cyclone's Co. purchases a trencher for $310,000. The machine is expected to last five years and have a salvage value of $55,000. 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 x First year Second year x