Required information [The following information applies to the questions displayed below) On April 1, 2016. Cyclone's Backhoe Co. purchases a trencher for $284,000. The machine is expected to last five years and have a salvage value of $42,000. 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.) Annual Period Depreciation for the Period End of Period Beginning of Period Book Depreciation Partial Depreciation Accumulated Rate Value Year Book Value Expense Depreciation $ 284,000 40% 9/12 $ 85,200 $ 85,200 $ 198,800 40% 12/12 S 0 $ 2016 2017