21 10 points Save wer On January 1, 2018, Air Canadians purchased a used airplane for AED 37,000,000. Air Canadians expects the plane to remain useful for five years (4,000,000 miles) and to have a residual value of AED 5,000,000. The company expects the plane to be flown 1,400,000 miles during the first year. (10 Points). SHOW WORK FOR PARTIAL CREDIT Requirements 1. Compute Air Canadians's first-year depreciation expense on the plane using the following methods: a. Straight-line (2 points) b. Units-of-production (2 points) c. Double-declining-balance (2 points) 2. Show the airplane's book value at the end of the first year for all three methods. a. Straight-line (1 points) b. Units-of-production (1 points) c. Double-declining-balance (1 points) d. If you were trying to attract investors, which method would you use? (1 points) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)