[The following information applies to the questions displayed below.] On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $318,000. The machine is expected to last five years and have a salvage value of $59,000. 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.)

2016= Annual depreciation= $77,700

2017= Annual depreciation= $75,620

Explanation:

Giving the following information:

Purchase price= $318,000.

Useful life= 5 years

Salvage value= $59,000

To calculate the depreciation expense, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

Annual depreciation= 2*[(318,000 - 59,000)/5]= 103,600

2016:

Annual depreciation= (103,600/12)*9= 77,700

2017:

Annual depreciation= [(259,000 - 77,700)/5]*2= 75,620

you don't if you paid you paid. it's like if i bought a computer and used it then i say idon't want it anymore so im gonna return it. you can't. unlkess you have your reciept

answer; i believe the correct answer is (a) purchase of treasury stock;