2. On January 1, Belmont Cranes purchased a crane for $150.000 Belmont expects the crane to remain useful for eight years (800,000 s) and to have a residual value of $30,000. The company expects the crane to be used for 142.000 Read the requirements Compute the first-year depreciation expense on the crane using the straight-line method Begin by selecting the formula to calculate the company's first-year depreciation on the crane using the straight-line method. Then are the amounts and cute the depron for the first year b. Compute the first year depreciation expence on the crane using the units of production Before calculating the first-year depreciation on the crane using the units of production method calculate the depreciation e XXXXX Now select the formula, enter the amounts, and calculate the company's first-year depreciation on the causing the units-of-production method (Hound deprecationers to the nearest whole dotar Units of production dep c. Compute the first year and second-year depreciation expense on the crane using the double-dec Begin by selecting the formula to calculate the company's first-year and second-year depreciation on the crane using the double-dering balance method. Then enter the amounts and calate the deprecation the the first year Finaly at the sand cat depreciation for the second year ar " for tems with a zero valve Do not round the interim calon Round depreciation expense to the nearest whole dur Double dening Y Y12 (