On January 1, Belmont Cranes purchased a crane for $182.000. Belmont expects the crane to remain useful for four years (1.200.000 lifts) and to have a residual value of $50.000. The company expects the crane to be used 60, 000 lifts the first year. Compute the first-year depredation expense on the crane using the following methods: Straight-line Units-of-production {Round depreciation per unit to two decimals. Round depredation expense to the nearest whole dollar.) Double-declining-balance (Round depredation expense to the nearest whole dollar.) Compute the first-year depredation expense on the crane using the straight-line method. Begin by selecting the formula to calculate the company's first-year depredation on the crane using the straight-line method. Then enter the amounts and calculate the depredation for the first year. Compute the first-year depredation expense on the crane using the units-of-production method. Before calculating the first-year depredation on the crane using the units-of-production method, calculate the depredation expense per unit. Select the formula, then enter the amounts and calculate the depredation per unit. Now. select the formula, enter the amounts, and calculate the company's first-year depredation on the crane using the units-of-production method. {Round depredation expense to the nearest whole dollar.)