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A Canada Tran jet costs $52,000,000 and is expected to fly 400,000,000 miles during its 8 -year life. Residual value is expected to be zero

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A Canada Tran jet costs $52,000,000 and is expected to fly 400,000,000 miles during its 8 -year life. Residual value is expected to be zero because the plane was used when acquired. If the plane travels 45,000,000 miles the first year, how much depreciation should Canada Tran record under the units-of-production method? (Round the depreciation per unit to two decimal places.) A. $13,000,000 B. $5,850,000 C. $6,500,000 D. Cannot be determined from the data given 3. Counselors of Cartersville purchased equipment on January 1,2023 , for $41,500. Counselors of Cartersville expected the equipment to last for five years and have a residual value of $4,000. Suppose Counselors of Cartersville sold the equipment for $27,900 on December 31,2024 , after using the equipment for two full years. Assume depreciation for 2024 has been recorded. Journalize the sale of the equipment, assuming straight-line depreciation was used. First, calculate any gain or loss on the disposal of the equipment

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