Assume that on September 30, 2017, Airus, an international airline based in Germany, purchased a Jumbo aircraft at a cost of 52,500,000 ( is the symbol for the euro). AirUS expects the plane to remain useful for five years (5,250,000 miles) and to have a residual value of 5,250,000. AirUS will fly the plane 400,000 miles during the remainder of 2017 Read the requirements a. Compute AirUS's depreciation on the plane for the year ended December 31, 2017, using the straight-line method. The depreciation on the plane for the year ended December 31, 2017, using the straight-line method is 524,999,995 Requirements X Compute AirUS's depreciation on the plane for the year ended December 31, 2017, using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance Which method would produce the highest net income for 2017? Which method produces the lowest net income? For each of the following scenarios, indicate whether a long-term asset has been impaired (Y for yes and N for no) and, if so, the amount of the loss that should be recorded. PE(Click the icon to view the data.) (Complete all input cells. Enter a "0" to show no loss.) Data Table - X Estimated Future Amount Impaired? (Y or N) Asset Book Value Cash Flows Fair Value of Loss Equipment $190,000 a $ 155,000 Estimated Future Amount Impaired? (Y or N) Trademark b $470,000 $105,000 $410,000 $25,000 Asset Book Value Cash Flows Fair Value $350,000 $55,000 of Loss C. Land $28.000 a. Equipment b. Trademark $190,000 $350,000 d Factory building $2 million $2 million $1 million $ 155,000 $470,000 $28,000 $2 million $ 105,000 $410,000 $25,000 c. Land $55,000 d. Factory building $2 million $1 million Print Done