Assume that on September 30,2020 , AirOne, an international airline based in Germany, purchased a Jumbo aircraft at a cost of 40,000,000 ( is the symbol for the euro). AirOne expects the plane to remain useful for five years (5,000,000 miles) and to have a residual value of 5,500,000. AirOne will fly the plane 400,000 miles during the remainder of 2020 . Read the requirements. a. Compute AirOne's depreciation on the plane for the year ended December 31,2020 , using the straight-line method. The depreciation on the plane for the year ended December 31, 2020, using the straight-line method is Requirements Compute LuxAir's depreciation on the plane for the year ended December 31 , 2020, using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance Which method would produce the highest net income for 2020? Which method produces the lowest net income