2. On January 1, Alamo Cranes purchased a crane for $140,000 Alamo expects the crane to remain useful for six years (1,000.000 Mfts) and to have a residual value of $2.000 The company expects the orane to be used for 80,000 ifts the frst year Read the requirements a Compute the frst-year depreciation expense on the orane using the straight-ine method Begin by selecting the formula to caloulate the company's first-year depreciation on the crane using the straightine mehod. Then onter the amounts and caloulate the depreciation for the frst year Straightine depreciation b. Compute the frst-year depreciaion expense on the arane using the unts of production method Before caolating the frt year depreciaton on the crane using the units of production method, calulate the depreciation experse per unit Select the fomla Pen anter the amounts and caioulate the depreciation per unit (Round depreciation per unit to wo decimals, XXX) Depreciation per unit Now set Pe fomula enter e amouns, and sacdate the compeny's frstear depreciaon on the orne uning the unts of oroduton meod (Round deprecialion axpense to the nearest whole doilar)o Unte of oodtion depreciation Comeute tbe frstvear and second ear deoreciation experse on the orane using the double decining-baiance method 2. On January 1, Alamo Cranes purchas8d is the first year CHINS B $140,000. Au Read the requirements Before caloulating the frst-year depreciation on the arane using the units-of-production method, calculate the depreciation expense per unit. Sellect the formula, then enter the amounts and calculate the depreciation per unit depreciaion per unit to two decimals, XXX) Depreciation per unit C Now, select the formula, enter the amounts, and caloulate the company's first-year depreciation on the orane using the units-ol-producton method. (Round depreciation expense to the nearest whole dollar) Units-of production deprediation Compute the first-year and second year depreciation expense on the crane using the double-decining-balance method Begin by selecting the formula to caloulate the company's finst-year and second-year depreciation on the orane using the double-declining balance method. Then enter the amounts and caloulate the depreciation for the fret yoar Finaly, enter the amounts and oaloulate the depreciation for the second year. (Enter for items with a zeo value. Do not round the interim caloulation. Round depreciation expense to the nearest whole dollar) Double-decining balance deprecialion Yet Y2