Ch 8: Homework Saved Help 12 Part 2 of 2 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) On April 1, Cyclone's Co. purchases a trencher for $302,000, The machine is expected to last five years and have a salvage value of $51,000. 5.88 points eBook Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 Hint Print 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.) References Depreciation for the Period End of Period Beginning of Depreciation Partial Annual Period Period Book Depreciation Accumulated Rate Year Expense Depreciation Book Value Value Year 1 $ 0 $ 0 Year 2 $ 0 $ 0