Use the following information for the Exercises below.

[The following information applies to the questions displayed below.]

On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $308,000. The machine is expected to last five years and have a salvage value of $54,000.

Exercise 8-11 Straight-line, partial-year depreciation LO C2

What is depreciation expense for both years ending December 2016 and2017 assuming the company uses the straight-line method.

5 Required information Part 1 of 2 Use the following information for the Exercises below. [The following information applies to the questions displayed below.] 1.66 On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $308,000. The machine is expected to last five years points and have a salvage value of $54,000. Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method. x Answer is not complete. Choose Annual Numerator: Choose Denominator: Depreciation Beginning book value X Estimated useful life Annual (years depreciation 308,000 x E 61,600 Year Annual Fraction of Year Depreciation Depreciation X Expense 2016 61,600 X 46,200 x 2017 61,600 X 9/12 x 46,200 x