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Assume that on September, 30th,2020, LoganAir, an international airline based in Germany, purchased a Jumbo aircraft at a cost of 45,000,000 ( is the symbol

Assume that on September, 30th,2020, LoganAir, an international airline based in Germany, purchased a Jumbo aircraft at a cost of 45,000,000 ( is the symbol for the euro). expects the plane to remain useful for five years ( 4,500,000 miles) and to have a residual value of 5,400,000 . LoganAir will fly the plane 410,000 miles during the remainder of 2020. Requirments: Compute LoganAir'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? Part 1 a. Compute LoganAirs 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 blank euros

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