Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) On April 1. Cyclone's Co. purchases a trencher for $288,000. The machine is expected to last five years and have a salvage value of $44,000. Exercise 10-11 Straight-line, partial-year depreciation LO C2 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 Depreciation Expense Fraction of Year Year Annual Depreciation X X First year Second year x x