Saved Required information The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $306,000. The machine is expected to last five years and have a salvage value of $53,000 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 Estimated useful life (years) Cost minus salvage s 253,000 5 = Annual depreciation $ 50,600 Depreciation Expense Year Fraction of Year First year Second year Annual Depreciation $ 50,600 X $ 50,600 X G Prev 7 8 of 35 Next >