Question Help 2. On January 1, Anderson Cranes purchased a crane for $150,000. Anderson expects the crane to remain useful for four years (1,200,000 lifts) and to have a residual value of $30,000. The company expects the crane to be used for 120,000 lifts the first year. Read the 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 amounts and calculate the depreciation for the first year. 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 and calculate the depreciation per unit. (Round depreciation per unit to two decimals, X.XX.) = Depreciation 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.) Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later $150,000. Anderson expects the crane to remain useful for four years (1,200,000 lifts) and to have a residual value of $30,000. The Requirements ne using the irst-year de the depreciation for the fir Compute the first-year depreciation expense on the crane using the following methods: a. Straight-line b. Units-of-production (Round depreciation per unit to two decimals. Round depreciation expense to the nearest whole dollar.) e using the sing the u n enter the amounts and 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.) Print Done e compar the near 2. On January 1, Anderson Cranes purchased a crane for $150,000. Anderson expects the crane to remain useful for four years (1,200,000 lifts) and to have a residual value of $30,000. The compan- for 120,000 lifts the first year. Read the fequirements 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.) X Units-of-production depreciation X 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 calculate the Finally, enter the amounts and calculate the depreciation for the second year. (Enter "0" for items with a zero value. Do not round the interim calculation. Round depreciation expense to the nearest w Double-declining- balance depreciation Yr1 ( X YI2 ( X Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later