Assume that at the beginning of $20\backslash$times $6,$ Timely Delivery, a regional airline operating predominantly in Southeast Asia, purchased a used Boeing $737$ aircraft at a cost of $ $53,500,000.$ Timely Delivery expects the plane to remain useful for five years $(4\mathrm{.}5$ million miles$)$ and to have a residual value of $ $4,000,000.$ Timely Delivery expects to fly the plane $725,000$ miles the first year; $1,200,000$ miles each year during the second, third, and fourth years; and $175,000$ miles the last year. $1.$ Compute Timely Delivery's third$-$year depreciation on the plane using the following methods: a$.$ Straight$-$line b$.$ Units$-$of$-$production c$.$ Double$-$declining$-$balance Requirement $1.$ Compute Timely Delivery's third$-$year depreciation on the plane using the following methods: a$.$ Using the straight$-$line method, depreciation is $ for $20\backslash$times $8.$