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1 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below) On April 1, Cyclone Company purchases a trenchet for $290,000. The machine is expected to last five years and have a salvage value of $45,000 Exercise 8-11 (Algo) Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for both the first year and second your assuming the companyines the straight an method Anna Deprem Chose Numer Co minus savage Choose Denominator Esta eya) - Awalde Depreciation Yes Ann Depreciation Second Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below) On April t, Cyclone Company purchases a trencher for $290.000 The machine is expected to last five years and have a salvage value of $45,000 Exercise 8-12 (Algo) 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.) End of Period Depreciation for the Period Depreciation Partial Depreciation Rate Year Expense Annual Period beginning of Period Book Value Year 1 Year 2 Accumulated Depreciation Book Value