2. On January 1, Clayton Cranes purchased a crane for $182,000. Clayton expects the crane to remain useful for four years (600,000 lifts) and to have a residual value of $50,000. The company expects the crane to be used for 80,000 lifts the first year. Read the requirements. A Requirements a. 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 enter the amount Compute the first-year depreciation expense on the crane using the following methods: = Straight-line depreciation a. Straight-line b. Units-of-production (Round depreciation per unit to two decimals. Round depreciation expense to the nearest whole dollar.) b. Compute the first-year depreciation expense on the crane using the units-of-production method. Before calculating the first-year depreciation on the crane using the units-of-production method, calculate the depreciation expense per unit. Select Compute the first-year and second-year depreciation expense on the crane using the following method: c. Double-declining-balance (Round depreciation expense to the nearest whole dollar.) Choose from any list or enter any number in the input fields and then continue to the next question. Under U.S. GAAP, which of the following is not an acceptable way to report plant assets? O A. with detailed information on the face of the balance sheet O B. as a single amount, with a note to the financial statements that provides detailed information O C. at book value O D. at fair market value