Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $310,000. The machine is expected to last five years and have a salvage value of $55,000 Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation - Annual depreciation Annual Depreciation X Fraction of Year Depreciation Expense Year 2017 2018 X