On January 1, Belmont Cranes purchased a crane for S182.000. Belmont expects the crane to remain useful for four years (1.200.000 lifts) and to have a residual value of S50.000. 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.) 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.) Compute the first-year depredation expense on the crane using the double-declining-balance method. Begin by selecting the formula to calculate the company's first-year depredation on the crane using the double-declining-balance method. Then enter the amounts and calculate the depredation for the first year. {Enter 0" for items with a zero value. Do not round the interim calculation. Round depredation expense to the nearest whole dollar.)