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newconnect.mheducation.com Saved Required information 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 $304,000. The machine is expected to last five years and have a salvage value of $52,000. 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- eclining-balance method. (Enter all amounts as positive values.) Depreciation for the Period End of Period Beginning of Annual Period Period Book Depreciation Partial Depreciation Accumulated Rate Year Expense Depreciation Book Value Value Year 1 $ o $ 0 Year 2 O $ 0