2 Required information The following information applies to the questions displayed below. On April 1, 2017, Cyclone's Backhoe Co purchases a trencher for $320,000. The machine is expected to last five years and have a salvage value of $60,000. Compute depreciation expense for both years ending December 2017 and 2018 assuming the company uses the double-declining- balance method. (Enter all amounts as positive values.) Depreciation for the Period End of Period Beginning of Period Book Depreciation Partial Depreciation Accumulated Value Book Value Rate Year Expense Depreciation 5 Annual Period 2017 2018