ces Required information [The following information applies to the questions displayed below.] On April 1, Cyclone Company purchases a trencher for $308,000. The machine is expected to last five years and have a salvage value of $54,000. Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double- declining-balance method. (Enter all amounts as positive values.) Annual Period Beginning of Year 1 Year 2 Period Book Value Depreciation for the Period End of Period Depreciation Rate Partial Depreciation Year Expense Accumulated Depreciation Book Value