Required information The following information applies to the questions displayed below.) On April 1. Cyclone's Co. 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 the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation = Annual depreciation Year Annual Depreciation * Fraction of Year Depreciation Exponse First year Second year XX Required information [The following information applies to the questions displayed below.) On April 1. Cyclone's Co. 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. (Enter all amounts as positive values.) End of Period Depreciation for the Period Beginning of Depreciation Partial Period Book Depreciation Rate Year Value Expense Accumulated Depreciation Annual Period Book Value $ 0 S 0 Year 1 Year 2 $ 0 $ 0