Retu Required information The following information applies to the questions displayed below.] Part 1 of 2 On April 1, 2017, Cyclone's Backhoe Co purchases a trencher for $282,000. The machine is expected to last five years and have a salvage value of $41,000. points Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. Answer is complete and correct. - - Choose Numerator: 1 Cost minus salvage 1 241,000I Annual Depreciation X $ 48,200 $ 48,200 x Choose Denominator: Estimated useful life (years) 5 Fraction of Year 9/12 12/12 Annual Depreciation Annual depreciation $ 48,200 Depreciation Expense 36,150 48,200 L Year 2017 2018 Required information The following information applies to the questions displayed below) On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $282,000. The machine is expected to last five years and have a salvage value of $41,000. Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the double declining balance method. (Enter all amounts as positive values.) Depreciation for the Period End of Period Beginning of Annual Period Period Book Depreciation Rate Partial Year Depreciation Expense Book Value Val Accumulated Depreciation $ 48,200 $ 262,000 $ 233,800 2017 2018