Required information (The following information applies to the questions displayed below) On April 1, 2016. Cyclone's Backhoe 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 for both years ending December 2016 and 2017 assuming the company uses the straight-line method Choose Numerator: Choose Denominator: - Annual Depreciation = Annual depreciation Depreciation Expense Fraction of Year X Year Annual Depreciation 2016 2017 Required information [The following information applies to the questions displayed below] On April 1, 2016. Cyclone's Backhoe 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 for both years ending December 2016 and 2017 assuming the company uses the double-declining- balance method. (Enter all amounts positive values.) End of Period Accumulated Depreciation Book Value Depreciation for the Period Beginning of Depreciation Partial Depreciation Annual Period Period Book Rate Y ear Expense Value 2016 2017