= Quiz: Q12 Ege Dogru 2. On January 1, Clayton Cranes purchased a crane for $172,000. Clayton expects the crane to remain useful for four years (600,000 lifts) and to have a residual value of $40,000 The company expects the crane to be used for 160,000 lifts the first year Question 7 of 7 3 This quiz: 17 point(s) possible This question: 3 point(s) possible 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, Cost Residual value Useful life Straight-line depreciation 172000 40000 33000 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) Cost Residual value Useful life in units Depreciation per unit 172000 40000 600000 0.22 4 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) Depreciation per unit Current year usage Units-of-production depreciation 0.22 160000 35200 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 depreciation for the first year. Finally, enter the amounts and calculate the depreciation for the second year. with a zero value. Do not round the interim calculation Round depreciation expense to the nearest whole dollar) Double-declining 2 x (1 - Useful life) = balance depreciation Yr1 C Yr2 ( ) Windows'u Etkinletir Windows Time Remaining: 00 40 56 Sul Aramak iin buraya yazn DI I TE 30.12