Use the following information for the Exercises below. The following information applies to the questions displayed below.) On April 1, Cyclone's Co. purchases a trencher for $308,000. The machine is expected to last five years and have a salvage value of $54,000. Exercise 8-12 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 uses the double- declining balance method. (Enter all amounts as positive values.) Depreciation for the Period Depreciation Partial Rate Year Beginning of Period Book Value End of Period Depreciation Accumulated Book Value Expense Depreciation Annual Period Year 1 Year 2 Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method Choose Numerator Choose Denominator Annual Depreciation Annual depreciation Year Annual Depreciation Fraction of Year Depreciation Expense First year Second year Required information Use the following information for the Exercises below. {The following information applies to the questions displayed below.) NewTech purchases computer equipment for $263,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000. Exercise 8-8 Double-declining-balance depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts positive values.) End of Period Depreciation for the Period Beginning-Year Depreciation Annual Book Value Rate Depreciation Year Accumulated Depreciation Year-End Book Value Year 1 Year 2 Year 3 Year 4 Total Use the following information for the Exercises below. [The following information applies to the questions displayed below.) NewTech purchases computer equipment for $263,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000 xercise 8-7 Straight-line depreciation LO P1 epare a table showing depreciation and book value for each of the four years assuming straight-line depreciation Stalaht-Line Depreciation Choose Denominator Choose Numerator Annual Depreciation Expense Depreciation expense Annual Depreciation Year-End Book Value Year Year 1 Year 2 Year 3 Year 4 Total