Required information

Skip to question

$[$The following information applies to the questions displayed below.$]$

On April $1,$ Cyclone Company purchases a trencher for $$318,000.$ The machine is expected to last five years and have a salvage value of $$59,000.$

Compute depreciation expense at December $31$ for both the first year and second year assuming the company uses the double$-$declining$-$balance method.

Note: Enter all amounts as positive values.