Required information [The following information applies to the questions displayed below.] On April 1, Cyclone's Co. purchases a trencher for $294,000. The machine is expected to last five years and have a salvage value of $47,000. 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 0 Depreciation Expense Year Annual Depreciation X Fraction of Year First year Second year X