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4 of 12 (0 complete) On Janssary 1, 2020, Foley Air purchased a shed Bombardier jo at a cost of $15.000.000 Foley expects the plane

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4 of 12 (0 complete) On Janssary 1, 2020, Foley Air purchased a shed Bombardier jo at a cost of $15.000.000 Foley expects the plane to remain useful for six years (5.500.000 miles) and to have a resolve of $5.500.000 Foley is the plane to be flown 800,000 miles the first year (Note: "Miles" is the unit of measure used in the airline industry 1. Computo Foley's first year amortion on the jousing the following methods a. Straight line 6. | | C DOB 2. Show the jou book value at the end of the first year under the straight line method 1. Calculate the first year amortization (Round your final answer to the rest whole dar) a. Using the straight-line method, amortization is $ b. Using the LDP method, amortization is $(Do not round intermediary calculation. Only round the amount you input in the cell to the newest dollar) e. Using the method, amortization is Do not round intermediary calculations. Only round the amount you input in the cell to the rest doftar) 2. Show the jers book value at the end of the first year under the rain method Book valus StraightLine Cost Less Accumulated amortization Book Value Enter any number in the edit holds and then continue to the next

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