Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) On April 1. Cyclone's Co purchases 8 trencher for $292,000. The machine is expected to last five years and have a salvage value of $46.000 Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second yest assuming the company uses the straight-line method Choose Numerator Choose Denominator Annual Depreciation Annual depreciation Annual Deprecation Fraction of Year Depreciation fpens First year Second year