Saved 5 Required information Part 2 of 2 Use the following information for the Exercises below. [The following information applies to the questions displayed below.) 12.5 points On April 1, Cyclone's Co. purchases a trencher for $318,000. The machine is expected to last five years and have a salvage value of $59,000. X 02:34:51 Exercise 8-12 Double-declining-balance, partial-year depreciation LO C2 eBook 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.) End of Period Hint Depreciation for the Period Beginning of Depreciation Partial Period Book Rate Year Value Depreciation Expense Annual Period Accumulated Depreciation Book Value Print Year 1 Year 2 References