Assume that on September $30,2020,$ LoganAir, the national airline of Switzerland, purchased an Airbus aircraft at a cost of $48,000,000($ is the symbol for the euro$).$ LoganAir expects the plane to remain useful for eight years $(5,250,000$ km$)$ and to have a residual value of $4,750,000.$ LoganAir expects the plane to be flown $425,000$ km during the remainder of the first year ended December $31,2020.$Compute LoganAir's depreciation on the plane for the year ended December $31,2020,$ using the following methods:a$.$ Straight$-$lineb. Units$-$of$-$productionc. Double$-$diminishing$-$balanceWhich method would produce the highest net income for $20207$ Which method produces the lowest net income? How does management choose which depreciation method to use?Compute LoganAir's depreciation on the plane for the year ended December $31,2020.($Do not round until the finalanswer. Then round the depreciation expense to the nearest whole number.$)$ a$.$ The depreciation on the plane for the year ended December $31,2020,$ using the straight$-$line method is