Assume that at the beginning of 2020, Advanced Air purchased a Bombardier Q400 aircraft at a cost of $30,000,000. Advanced expects the plane to remain useful for five years (4,300,000km) and to have a residual value of $5,000,000. Advanced expects the plane to be flown 850,000km the first year, 1,050,000km each year during years 2 through 4, and 300,000km the last year. 1. Compute Advanced'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. Requirement 1. Compute Advanced's first-year depreciation on the plane a. Using the straight-line method, depreciation is $ (Hold all decimals during interim calculations. Round the final solution to the nearest whole number.)