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i tried but got wrong Required information Use the following information for the Exercises...

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Accounting

imagei tried but got wrong
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- declining balance method. (Enter all amounts as positive values.) Answer is complete but not entirely correct. Depreciation for the Period End of Period Annual Period Depreciation Rate Partial Year Beginning of Period Book Value 304,000 $ 228.400 Depreciation Expense Accumulated Depreciation Book Value Year 1 Year 2 40% 40% 9/12S 1/12 S 75,600 91,360 $ $ 75,600 166,960 $ $ 228.400 137.040

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