Assume that on September 30, 2017, Flyair, an international airline based in Germany, purchased a Jumbo aircraft at a cost of 47,500,000 ( is the symbol for the euro). Flyair expects the plane to remain useful for four years (5,000,000 miles) and to have a residual value of 5,000,000. Flyair will fly the plane 475,000 miles during the remainder of 2017. Read the requirements. a. Compute Flyair'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 10,625,000 b. Compute Flyair's depreciation on the plane for the year ended December 31, 2017, using the units-of-production method. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest whole number.) The depreciation on the plane for the year ended December 31, 2017, using the units-of-production method is 47025000 c. Compute Flyair's depreciation on the plane for the year ended December 31, 2017, using the double-declining method. (Round the double-declining-balance depreciation rate to two decimal places and round the amount you input in the cell to the nearest whole number.) The depreciation on the plane for the year ended December 31, 2017, using the double-declining-balance method is Which method would produce the highest net income for 2017? Which method produces the lowest net income? Double-declining-balance depreciation produces the highest net income. Units-of-production depreciation produces the lowest net income