Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.) On April 1, Cyclone Company purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Exercise 8-12 (Static) 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.) Annual Period Beginning of Period Book Value Year 1 Depreciation for the Period Depreciation Rate Partial Year End of Period Depreciation Accumulated Expense Depreciation Book Value 0 $ $ $ 0 Year 2 0 0