On April 1, Cyclone Company purchases a trencher for $296,000. The machine is expected to last five years and have a salvage value of $48,000. 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 doubledeclining-balance method. (Enter all amounts as positive values.)