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Required information [ The following information applies to the questions displayed below. ] On April 1 , Cyclone Company purchases a trencher for $ 3

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[The following information applies to the questions displayed below.]
On April 1, Cyclone Company purchases a trencher for $316,000. The machine is expected to last five years and have a salvage value of $58,000.
Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the doubledeclining-balance method.
Note: Enter all amounts as positive values.
\table[[Annual Period,Depreciation for the Period,End of Period],[\table[[Beginning of],[Period Book],[Value]],\table[[Depreciation],[Rate]],\table[[Partial],[Year]],\table[[Depreciation],[Expense]],\table[[Acc],[Der]],,Bo,],[Year 1,,,,,$,0,$,0],[Year 2,,,,,$,0,$,0]]
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