excerise 8-12 double-declining-balance, partial-year depreciation LO C2

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 $298,000. The machine is expected to last five years and have a salvage value of $49,000. 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.) Beginning of Annual Period Period Book Value Year 1 Year 2 Depreciation for the Period End of Period Depreciation Partial Depreciation Accumulated Rate Year Expense Depreciation Book Value $ $ 0 0 $ 0 $ 0