Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] On April 1, Cyclone Company purchases a trencher for $304,000. The machine is expected to last five years and have a salvage value of $52,000. Exercise 8-11 (Algo) 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 Numerator: Choose Denominator: Annual Depreciation Annual depreciation Depreciation Expense Year 1 Annual Depreciation Fraction of Year First year Second year