Required information Use the following information for the Exercises below The following information applies to the questions displayed below On Apri 1 2016, Cyclone's Backhoe Co purchases a trencher for $294,000. The machine is expected to last five years and have a salvage value of $47000 Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 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) End of Period Beginning et Peried Book Accumulated Book Value De Partial Year al Period Expense Prev 4