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ControlOn April 1 , Cyclone Company purchases a trencher for $ 2 8 0 , 0 0 0 . The machine is expected to last

ControlOn April 1, Cyclone Company purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000.
Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double-declining-balance method.

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