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On April 1, Cyclone Company purchases a trencher for $298,000. The machine is expected to...

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Accounting

On April 1, Cyclone Company purchases a trencher for $298,000. The machine is expected to last five years and have a salvage value of $49,000. Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the straight-line method.

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