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 $308,000. The machine is expected to last five years and have a salvage value of $54,000. 3:12 Exercise 10-12 Double-declining-balance, partial-year depreciation LO C2 ant 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.) int Annual Period Depreciation for the Period End of Period Beginning of Period Book Depreciation Partial Depreciation Accumulated Rate Year Book Value Expense Depreciation Value Year 1 Year 2