Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) On April 1. Cyclone's Co. purchases a trencher for $320,000. The machine is expected to last five years and have a salvage value of $60,000 Exercise 10-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method. Choose Numerator: Choose Denominator: Annual Depreciation Annual depreciation Depreciation Year Annual Depreciation Fraction of Year - First year Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) On April 1. Cyclone's Co purchases a trencher for $320,000. The machine is expected to last five years and have a salvage value of $60,000 Exercise 10-12 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 double declining-balance method. (Enter all amounts os positive values.) End of Period Depreciation for the Period Depreciation Partial Rate Y ear Beginning of Period Book Value Annual Period Depreciation Expense Accumulated Depreciation Book Value