Required information Use the following information for the Exercises below. (Static) (The following information applies to the questions displayed below) On April 1. Cyclone Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000 Exercise 8-11 (Static) Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the straight-line method Choose Denominator: Choose Numerator: Cost minus salvage Annual Depreciation Annual depreciation Your Annual Depreciation X Fraction of Year Depreciation Expense Frst year Second year