Required information

Use the following information for the Exercises below.

[The following information applies to the questions displayed below.] On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $312,000. The machine is expected to last five years and have a salvage value of $56,000.

Exercise 10-11 Straight-line, partial-year depreciation LO C2

Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method.

Choose Numerator: Choose Denominator: Annual Depreciation = Annual depreciation Fraction of Year Depreciation Expense Year Annual Depreciation x 2016 2017