by selecting the c h e comen's year in on the crne in the straightened Then the calcul a tion for the 2. On January 1, Blue Lake Cranes purchased a crane for 5210,000 Blue Lake expects the crane to remain useful for eight years (800,000 ft) and to have a residual value of $50.00L Read the requirements Begin by selecting the formula to calculate the company's first-year depreciation on the crane using the straight-line method. Then enter the amounts and calculate the depreciation for - Straight-line depreciation 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 the formula then enter the amounts ar XX) Deprecation per unit Now Select the formula enter the amounts, and calculate the company's first year depreciation on the crane using the units-of-production method (Round depreciation expense to the nearest whole dollar Units of production depreciation c. Compute the first year and second-year depreciation expense on the crane using the double-declining balance method Begin by selecting the formula to calculate the company's first year and second year depreciation on the crane using the double declining balance method Then enter the amounts and colo the depreciation for the second year for toms with a to value Do not found the intercalculation Round depreciation expense to the rest whole dollar Double-declining balance depreciation Choose fron of enter any number in the input fields and then continue to the next