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aining Time: 1 hour, 11 minutes, 50 seconds. stion Completion Status: D. profit from the project QUESTION 21 10 points On January 1, 2018, Air

aining Time: 1 hour, 11 minutes, 50 seconds. stion Completion Status: D. profit from the project QUESTION 21 10 points On January 1, 2018, Air Canadians purchased a used sirplane 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) e. Double-declining-balance (2 points) 2. Show the airplane's book value at the end of the first year for all three methods. Straight-line (1 points) b. Units-of-production (1 points) e Double declining-balance (3 points) d. If you were trying to antract investors, which method would you use? (1 points) For the toolbar, press ALT-P10 (PC) or ALT+FN+F10 (Mac B IVS Paragraph xx 88 3 Arial 14px A~ I. 20 x 10 Q 5 " "Q ) Alimage text in transcribed

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