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 $284,000. The machine is expected to last five years and have a salvage value of $42,000. Exercise 8-12 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 as positive values.) Depreciation for the Period End of Period Beginning Annual of Period Depreciation Partial Depreciation Accumulated Book Period Book Rate Year Expense Depreciation Valuo Valug Year 1 $ 284,000 40% 9/12$ 18,933 33 18.933 $ 205,067 Year 2 $ 255,0673 40% 1/12S 106.027 124.960 $ 159,040 Rad se response was expected in for a few consect deducted