On April 1, Cyclone Company purchases a trencher for $306,000. The machine is expected to last five years and have a salvage value of $53,000. Required: Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double-declining-balance method. Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. On April 1, Cyclone Company purchases a trencher for $306,000. The machine is expected to last five years and have a salvage value of $53,000. F 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.)