Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) On April 1, Cyclone Company purchases a trencher for $314,000. The machine is expected to last five years and have a salvage value of $57,000. Exercise 8-12 (Algo) 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- declining balance method. (Enter all amounts as positive values.) Depreciation for the Period Annual Period Beginning of Depreciation Partial Period Book Rate Yoar Value Year 1 Year 2 End of Period Accumulated Book Value Depreciation Depreciation Expense