Required information [The following information applies to the questions displayed below) On April 1, 2016. Cyclone's Backhoe Co. purchases a trencher for $310,000. The machine is expected to last five years and have a salvage value of $55,000. 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 Annual Period Period Book Value 2016 Depreciation Rate Partial Year Depreciation Expense Accumulated Depreciation Book Value 9/12 2017 12/12