Chapter 08 Homework i Saved 00 L 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 $290,000. The machine is expected to last five years and have a salvage value of $45,000. points Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the straight-line method. eBook Choose Numerator: 1 Choose Denominator: = = Annual Depreciation Annual depreciation Hint X Fraction of Year = Depreciation Expense Print Year Annual Depreciation 2017 2018 x References Chapter 08 Homework A Saved Required information [The following information applies to the questions displayed below.) Part 2 of 2 On April 1, 2017, Cyclone's Backhoe Co. purchases a trencher for $290,000. The machine is expected to last five years and have a salvage value of $45,000. points 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.) eBook Depreciation for the Period End of Period Hint Beginning of Annual Period Period Book Ok Value 2017 Depreciation Rate Partial Year Depreciation Expense Accumulated Depreciation Book Value 2018 Print References