At the beginning of the year, Hope We Land Airlines purchased a used airplane for $$34,280,000.$

Hope We Land Airlines expects the plane to remain useful for $5$ years, or $4,030,000$ miles and to have a residual value of $$5,730,000.$

The company expects the plane to be flown $1,080,000$ during the first year.

Note: When inputting a percentage value, do not include the $\%$ symbol, and round your answer to two decimal places $($e$.$g$.,50\mathrm{.}35).$

$1.$ Compute Hope We Land Airlines first$-$year depreciation expense on the plane using the following methods:

a$.$ Straight$-$line Method $=$

$($

Cost$-$Residual Value

$)$

$/$

Time $=$ Depreciation Per Year