Required information [The following information applies to the questions displayed below.) On April 1. Cyclone's Co, purchases a trencher for $292,000. The machine is expected to last five years and have a salvage value of $46,000. 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 Beginning of Period Book Value Depreciation for the Period Depreciation Partial Rate Year Annual Period Depreciation Expense Accumulated Depreciation Book Value Year 1 $ $ 0 $ 0 $ Year 2 0