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Please put in same format for simplicity. Thanks! Required information [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases

Please put in same format for simplicity. Thanks! image text in transcribed
Required information [The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $320,000. The machine is expected to last five years and have a salvage value of $60,000. 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 Book Value Rate Year Value Expense Depreciation Year 1 $ 320,000 40% 9/12 $ 0 $ 0 Year 2 40% 12/12 $ 0 $ 0 o

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