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Accounting

!
Required information
[The following information applies to the questions displayed below.]
On April 1, Cyclone Company purchases a trencher for $314,000. The machine is expected to last five years and have a
salvage value of $57,000.
Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double-
declining-balance method.
Note: Enter all amounts as positive values.
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