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2. Prairie Airlines purchased a 747 aircraft on January 1, 2016, at a cost of $30,000,000. The estimated useful life of the aircraft is

2. Prairie Airlines purchased a 747 aircraft on January 1, 2016, at a cost of $30,000,000. The estimated useful life of the aircraft is 20 years, with an estimated residual value of $4,000,000. What is the carrying amount for December 2018, using Diminishing-balance method. Carrying Amt Depreciation Annual Year Beginning Yr Rate Accumulated Carrying Depreciation Depreciation

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