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On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $306,000. The machine is expected to last five years and have a salvage value

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On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $306,000. The machine is expected to last five years and have a salvage value of $53,000. Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the double-declining-balance method. (Enter all amounts positive values.)

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