The following information applies to the questions displayed below.]On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $312,000. The machine is expected to last five years and have a salvage value of $56,000.
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.)
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