O Required information [The following information applies to the questions displayed below) On April 1, Cyclone Co. 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. (Enter all amounts as positive values.) Depreciation for the Period End of Period Depreciation Partial Year Rate Depreciation Expense Accumulated Depreciation Book Value Beginning of Annual Period Period Book Value Year1 Year 2 es