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.)

Return to question 19 ! Required information Part 2 of 2 Use the following information for the Exercises below. [The following information applies to the questions displayed below.] 5 points 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. Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 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.) Answer is not complete. Depreciation for the Period End of Period Annual Period Depreciation Rate Partial Year Depreciation Expense Accumulated iation Book Value Beginning of Period Book Value $ 302.000 $ 302,000 X 226,500 $ 226,500 $ Year 1 Year 2 40% 40% 9/12$ 12/12 75,500 0 $ 0 $