Required information (The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $282,000. The machine is expected to last five years and have a salvage value of $41,000. 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.) Answer is not complete. Depreciation for the Period End of Period Annual Period Beginning of Period Book Depreciation Rate Partial Year Depreciation Expense Accumulated Depreciation Book Value Year 1 $ 282,000 4 1.000 912 12/12 41,000 $ 241,000 0S 0 Year 2 5% S