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 $300,000. The machine is expected to last five years and have a salvage value of $50,000 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 dedining balance method. (Enter all amounts as positive values.) End of Period Beginning of Period Book Value Depreciation for the Period eclatan Partial Depreciation Depreciation Rate Year Expense Annual Period Accumulated Depreciation Book Value