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 $292,000. The machine is expected to last five years and have a salvage value of $46,000. Exercise 8-11 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 Annual Depreciation Fraction of Year Year First year Second year