Assume that on September 30, 2017, International Air, the national airline of Switzerland, purchased an Airbus aircraft at a cost of 52,500,000 ( is the symbol for the euro). International Air expects the plane to remain useful for fourteen years (6,500,000 km) and to have a residual value of 6,250,000. International Air expects the plane to be flown 575,000 km during the remainder of the first year ended December 31, 2017. Compute InternationalAir'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? Requirement 1. Compute International Air's depreciation on the plane for the year ended December 31, 2017. (Do not round until the final answer. Then round the depreciation expense to the nearest whole number.) a. The depreciation on the plane for the year ended December 31, 2017, using the straight-line method is . b. The depreciation on the plane for the year ended December 31, 2017, using the units-of-production method is . c. The depreciation on the plane for the year ended December 31, 2017, using the double-declining-balance method is e. Requirement 2. Which method would produce the highest net income for 2017? Which method produces the lowest net income? depreciation produces the highest net income. depreciation produces the lowest net income. Enter your answer in each of the answer boxes