At the beginning of $2016,$ Palair purchased an airplane $54$ at a cost of $$4,600,000.$ Palair Service expects the plane to remain useful for eight years $(600,000$ miles$)$ and to have a residual value of $$400,000.$ Palair Service expects the plane to be flown jhis $150,000$ miles the first year and $120,000$ miles the second year.

Required:

Compute second$-$year $(2017)$ depreciation expense on the plane using the following methods:

a$.$ Straight$-$line

b$.$ Units$-$of$-$production

c$.$ Double$-$declining$-$balance

Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods.