Required Information Use the following information for the Exercises below. (Static) [The faliowing information applies to the questons displayed below)] On Apal 1. Cyclone Company purchases a trencher for $2.80,000 The machine is expected to last five years and have a salvage value of $40.000 Exercise 8-11 (Static) Straight-line, partial-year depreciation LO C2 Compute depreclaton expense at December 31 for both the first year and second year assuming the company uses the straight hine: method