Required information

Use the following information for the Exercises below. $($Algo$)$

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

On April $1,$ Cyclone Company purchases a trencher for $$304,000.$ The machine is expected to last five years and have a salvage value of $$52000.$

Exercise $8-11($Algo$)$ Straight$-$line, partial$-$year depreciation LO C$2$

Compute depreciation expense at December $31$ for both the first year and second year assuming the company uses the straight$-$line method.

$\backslash$table$[[$Choose Numerator:,Choose Denominator:,$=,$Annual Depreciation,$],[$Cost minus salvage,Estimated useful life $($years$),=,$Annual depreciation,,$],[,,,=,,],[,$Annual Depreciation,$,$Fraction of Year,$=,$Depreciation Expense$],[$First year,,$,,=,],[$Second year,,$,,=,]]$