all entries are for blue star airlines. on July 1, 2021 blue star purchases a Boeing 757 airplane for $50 million. The expected salvage value is $10 million and the plane is expected to have a useful life of 20 years

ALL ENTRIES ARE FOR BLUESTAR AIRLINES On July 1st, 2021, BlueStar purchases a Boeing 757 airplane for $50,000,000. The expected salvage value is $10,000,000 and the plane is expected to have a useful life of 20 years. Calculate the second years depreciation expense as of 12/31/2022, utilizing the straight-line method