At the beginning of 2016, Foley Airline purchased a used airplane at a cost of $76,500,000. Foley Airline expects the plane to remain useful for eight years (6,000,000 miles) and to have a residual value of $4,500,000. Foley Airline expects the plane to be flown 1,300,000 miles the first year and 1,000,000 miles the second year. Requirements . Compute second-year (2017) depreciation expense on the plane using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods. Requirement 1a. Compute socond-yoar (2017) depreciation expense on the plane using the straight-line method. Begin by selecting the formula to calculate the company's second-year depreciation expense on the plane using the straight-ine method. Then enter the amounts and calculate the depreclation expense for the second ear Straight-line depreciation