On April 1, Cyclone Company purchases a trencher for $300,000. The machine is expected to last five years and have a salvage value of $50,000 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.) Depreciation for the Period End of Period Depreciation Partial Depreciation Accumulated Book Value Rate Year Expense Depreciation Annual Period Beginning of Perlod Book Value Year 1 Year 2