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On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $290,000. The...

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Accounting

On April 1, 2016, 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.

Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method.

Choose Numerator: / Choose Denominator: = Annual Depreciation
/ = Annual depreciation
/ =
Year Annual Depreciation x Fraction of Year = Depreciation Expense
2016 x
2017 x

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