Required information The following information applies to the questions displayed below.] of 2 On April 1, 2016. Cyclone's Backhoe Co purchases a trencher for $314,000. The machine is expected to last five years and have a salvage value of $57000 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 Annual Period Depreciation for the Period Beginning of Period Book Depreciation Partial Depreciation Value T Roto. 5 314,000 40% 9/12 Accumulated OOK 2016 2017