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Required information [ The following information applies to the questions displayed below. ] h April 1 . Cyclone Company purchases a trencher for $ 2

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Required information
[The following information applies to the questions displayed below.]
h April 1. Cyclone Company purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000.
Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the doubledeclining-balance method.
Note: Enter all amounts as positive values.
\table[[Annual Period,Depreciation for the Period,End of Period],[\table[[Beginning of],[Period Book],[Value]],\table[[Depreciation],[Rate]],Partial Year,\table[[Depreciation],[Expense]],,,,],[Year 1,,,,,$,0,$,0],[Year 2,1,IIII,00,,$,0,$,n
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