Use the following information for the Exercises below.

[The following information applies to the questions displayed below.] On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $320,000. The machine is expected to last five years and have a salvage value of $60,000.

Exercise 10-12 Double-declining-balance, partial-year depreciation LO C2

Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the double-declining-balance method. (Enter all amounts positive values.)

Depreciation for the Period End of Period Beginning of Accumulated Book Value Depreciation Depreciation Partial Depreciation A Period Book Value Annual Period P Rate Year 2016 2017