On April 1, 2014, Cyclone’s Backhoe Co. purchases a trencher for $390,000. The machine is expecte… 1 answer below »

On April 1, 2014, Cyclone’s Backhoe Co. purchases a trencher for $390,000. The machine is expected to last six years and have a salvage value of $39,000.

Compute depreciation expense for both years ending December 2014 and 2015 assuming the company uses the straight-line method

?Straight-line, partial-year depreciation
?           Choose Numerator:   / Choose Denominator:   = Annual Depreciation
?           _______________    / _________________    =   ________________
?Year   Annual Depreciation x Fraction of Year            =   Depreciation Expense
?2014                                    x  __________________ = __________________
?2015                                    x __________________ = ___________________

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