Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) On April 1, 2016. Cyclone's Backhoe Co. purchases a trencher for $318,000. The machine is expected to last five years and have a salvage value of $59,000. Exercise 10-12 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 Depreciation for the Period Beginning of Period Book Depreciation Partial Depreciation Rate Value Year Expense Annual Period Accumulated Depreciation Book Value 2016 2017