Assume that on September 30, 2015, Luxuryair, an international airline based in Germany, purchased a Jumbo aircraft at a cost of 47,500,000 ( is the symbol for the euro). Luxuryair expects the plane to remain useful for four years (5,000,000 miles) and to have a residual value of 5,000,000. Luxuryair will fly the plane 475,000 miles during the remainder of 2015. Compute Luxuryair's depreciation on the plane for the year ended December 31, 2015, using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance Which method would produce the highest net income for 2015? Which method produces the lowest net income? a. Compute Luxuryair's depreciation on the plane for the year ended December 31,2015 , using the straight-line method. The depreciation on the plane for the year ended December 31, 2015, 1328125 using the straight-line method is Assume that on September 30, 2015, Luxuryair, an international airline based in Germany, purchased a Jumbo aircraft at a cost of 47,500,000 ( is the symbol for the euro). Luxuryair expects the plane to remain useful for four years (5,000,000 miles) and to have a residual value of 5,000,000. Luxuryair will fly the plane 475,000 miles during the remainder of 2015. Compute Luxuryair's depreciation on the plane for the year ended December 31, 2015, using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance Which method would produce the highest net income for 2015? Which method produces the lowest net income? a. Compute Luxuryair's depreciation on the plane for the year ended December 31,2015 , using the straight-line method. The depreciation on the plane for the year ended December 31, 2015, 1328125 using the straight-line method is