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Required information Use the following information for the Exercises below. The following information applies to...

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Accounting

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Required information Use the following information for the Exercises below. The following information applies to the questions displayed below] On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $284,000. The machine is expected to last five years and have a salvage value of $42,000. Exercise 10-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method. Annual Choose Numerator:IChoose Denominator Cost Annual depreciation Depreciation Fraction of Year Year Annual Depreciation x 2016 2017

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