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Use the following information for the Exercises below. Skip to question [The following information applies to the questions displayed below.] On April 1, Cyclone's Co.
Use the following information for the Exercises below.
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[The following information applies to the questions displayed below.] On April 1, Cyclone's Co. purchases a trencher for $288,000. The machine is expected to last five years and have a salvage value of $44,000.
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.)
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