At the beginning of the year, Air Asias purchased a used airplane for $66,000,000. Air Asias expects the plane to remain useful for four years (6,000,000 miles) and to have a residual value of $6,000,000. The company expects the plane to be flown 1,600,000 miles the first year. Read the fequirements C. Requirement 1a. Compute Air Asias's first-year depreciation expense on the plane using the straight-line method. Begin by selecting the formula to calculate the company's first-year depreciation expense on the plane using the straight-line method. Then enter the amounts and calculate the depreciation for the first year. = Straight-line depreciation ( )4 Requirement 1b. Compute Air Asias's first-year depreciation expense on the plane using the units-of-production method. Before calculating the first-year depreciation expense on the plane using the units-of-production method, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation per unit. Depreciation per unit ( ( Now, select the formula, enter the amounts, and calculate the company's first-year depreciation expense on the plane using the units-of-production method. Units-of-production depreciation BE Requirement 1c. Compute Air Asias's first-year depreciation expense on the plane using the double-declining-balance method. Begin by selecting the formula to calculate the company's first-year depreciation expense on the plane using the double-declining-balance method. Then enter the amounts and calculate the depreciation expense for the first year. (Enter "0" for items with a zero value.) na..bla delinin At the beginning of the year, Air Asias purchased a used airplane for $66,000,000. Air Asias expects the plane to remain useful for four years (6,000,000 miles) and to have a residual value of $6,000,000. The company expects the plane to be flown 1,600,000 miles the first year. Read the requirements - X Requirements C. Requirement 1a. Compute Air Asias's first-year depreciation expense on the plane using the straight-line method. Begin by selecting the formula to calculate the company's first-year depreciation expense on the plane using the straight-line 1. Compute Air Asias's first-year depreciation expense on the plane using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance 2. Show the airplane's book value at the end of the first year for all three methods. = Straight-line depred ( 17 = Requirement 1b. Compute Air Asias's first-year depreciation expense on the plane using the units-of-production method. Before calculating the first-year depreciation expense on the plane using the units-of-production method, calculate the depred Print Done unit. ( )/ Depreciation per ( ) / Now, select the formula, enter the amounts, and calculate the company's first-year depreciation expense on the plane using the units-of-production method. Units-of-production depreciation Requirement 1c. Compute Air Asias's first-year depreciation expense on the plane using the double-declining-balance method. Begin by selecting the formula to calculate the company's first-year depreciation expense on the plane using the double-declining-balance method. Then enter the amounts and calculate the depreciation expense for the first year. (Enter "0" for items with a zero value.) At the beginning of the year, Air Asias purchased a used airplane for $66,000,000. Air Asias expects the plane to remain useful for four years (6,000,000 miles) and to have a residual value of $6,000,000. The company expects the plane to be flown 1,600,000 miles the first year. Read the requirements . ( Now, select the formula, enter the amounts, and calculate the company's first-year depreciation expense on the plane using the units-of-production method. Units-of-production depreciation Requirement 1c. Compute Air Asias's first-year depreciation expense on the plane using the double-declining-balance method. Begin by selecting the formula to calculate the company's first-year depreciation expense on the plane using the double-declining-balance method. Then enter the amounts and calculate the depreciation expense for the first year. (Enter "0" for items with a zero value.) Double-declining- balance depreciation ( ) x x = Requirement 2. Show the airplane's book value at the end of the first year for all three methods. Straight-Line Units-of-production Double-declining-balance Cost Less: Accumulated Depreciation Book Value
