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? Required information Use the following information for the Exercises below. ( Algo ) [ The following information applies to the questions displayed below. ]

?
Required information
Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
On April 1, Cyclone Company purchases a trencher for $304,000. The machine is expected to last five years and have a salvage value of $52000.
Exercise 8-12(Algo) Double-declining-balance, partial-year depreciation LO C2
Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the doubledeclining-balance method. (Enter all amounts as positive values.)
\table[[Annual Period,Depreciation for the Period,End of Period],[\table[[Beginning of],[Period Book],[Value]],\table[[Depreciation],[Rate]],\table[[Partial],[Year]],\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],,],[Year 1,,,,,$,$,?bar(0)
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