On April 1, Cyclone's Co. purchases a trencher for $310,000. The machine is expected to last five years and have a salvage value of $55,000. 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 Beginning of Annual Period Period Book Depreciation Partial Depreciation Accumulated Expense Depreciation Book Value Value Rate Year Year 1 Year 2Apex Fitness Club uses straightline depreciation for a machine costing $22,650. with an estimated four-year life and a $2,350 salvage value. At the beginning of the third year, Apex determines that the machine has three more years of remaining useful life, after which it will have an estimated $2,400 salvage value. Required: 1. Compute the machine's book value at the end of its second year. 1 Compute the amount of depreciation for each of the nal three years given the revised estimates. Complete this question by enterilg your answers in le labs below. Required 1 Required 2 Compute the machine's book value at the end of its second 1rear. Accumulated depreciaiiun 2 years Book value at point of revision Required 2 )