Required information [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $310,000. The machine is expected to last five years and have a salvage value of $55,000. Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Annual Depreciation Choose Numerator: Choose Denominator: Annual depreciation 0 Depreciation Expense Fraction of Year Annual Depreciation X Year First year Second year XX Next > 5 of 9