Assume that at the beginning of $2020,$ Questor Air purchased a Bombardier Q$400$ aircraft at a cost of $ $30$ comma $000$ comma $000.$ Questor expects the plane to remain useful for five years left parenthesis $5$ comma $825$ comma $000$ km right parenthesis and to have a residual value of $$$$5$ comma $000$ comma $000.$ Questor expects the plane to be flown $925$ comma $000$ km the first$$ year, $1$ comma $400$ comma $000$ km each year during years $2$ through$4,$ and $700$ comma $000$ km the last year.

$1.$Compute Questor$\text{'}$s $$first$-$year depreciation on the plane using the following$$ methods:

a$.$Straight$-$line

b$.$Units$-$of$-$production

c$.$Double$-$diminishing$-$balance

$2.$Show the$$ airplane's carrying amount at the end of the first year under each depreciation method. Which method results in the highest carrying$$ amount? Which method produces the lowest carrying$$ amount? Briefly explain why.

Question content area bottom

Part $1$

Requirement $1.$ Compute Questor$\text{'}$s $$first$-$year depreciation on the plane.

a$.$ Using the$$ straight$-$line method, depreciation is $$$

$$

enter your response here. $($Hold all decimals during interim calculations. Round the final solution to the nearest whole$$ number.$)$