At the beginning of the year, Logan Services purchased a used airplane for $65,000,000. Logan Services expects the plane to remain useful for 4 years (6 million miles) and to have a residual value of $5,000,000. The company expects the plane to be flown 1.3 million miles the first year. 1. Compute Logan Services first year depreciation on the plane using the following methods: a) Straight-Line b) Units-of-production 2. Show the airplanes book value at the end of the first year under the straight-line method.