Required information The following information applies to the questions displayed below On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $312,000. The machine is expected to last five years and have a salvage value of $56,000 Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line methoc Choose Denominator Annual Depreciation Choose Numerator Annual depreciation 0 Depreciation Expense Year Annual Depreciation Fraction of Year 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 $312,000. The machine is expected to last five years and have a salvage value of $56,000. 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.) Depreciation for the Period End of Period Beginning of Period Book Value Depreciation Rate Depreciation Accumulated Expense Partial Year Annual Period Book Value Depreciation 2016 0 2017 S 0 0