At the beginning of 2013, Air Canada purchased a used airplane at a cost of $46,000,000. Air Canada expects the plane to remain useful for eight years (5,000,000 miles) and to have a residual value of $6,000,000. Air Canada expects the plane to be flown 1,300,000 miles the first year and 1,000,000 miles the second year. Requirements a. Compute second-year (2014) depreciation expense on the plane using the following methods: 1. Straight-line 2. Units-of-production 3. Double-declining-balance b. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods