Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) On April 1, Cyclone Co. purchases a trencher machine for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Exercise 10-12 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 the double-declining-balance method. (Enter all amounts as positive values.) Answer is complete but not entirely correct. Depreciation for the Period End of Period Annual Period Dopreciation Rate Accumulated Depreciation Book Valua Beginning of Period Book Value $ 280,000 $ 244,000 Partial Depreciation Year Expense + 9/12 S 36,000 40% S $ Year 1 Year 2 36,000 84,000 244,000 196.000 40% 12/12 S 48.000 S $