At the beginning of the$$ year, South Bend Airlines

purchased a used airplane for $ $28$ comma $500$ comma $000$

$.$

South Bend Airlines

expects the plane to remain useful for five

years $(4$ comma $000$ comma $000$

$$miles$)$ and to have a residual value of $ $4$ comma $500$ comma $000$

$.$

The company expects the plane to be flown $1$ comma $300$ comma $000$

miles the first year.

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$.$

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Part $1$

Requirement $1$a$.$ Compute South Bend Airlines

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$$first$-$year depreciation expense on the plane using the$$ 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.

Part $2$

$($

$-$

$)/$

$=$

Straight$-$line depreciation

$($

$-$

$)/$

$=$

Part $3$

Requirement $1$b$.$ Compute South Bend Airlines

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$$first$-$year depreciation expense on the plane using the$$ 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.

Part $4$

$($

$-$

$)/$

$=$

Depreciation per unit

$($

$-$

$)/$

$=$

Part $5$

$$Now$,$ select the$$ formula, enter the$$ amounts, and calculate the$$ company's first$-$year depreciation expense on the plane using the$$ units$-$of$-$production method.

x

$=$

Units$-$of$-$production depreciation

x

$=$

Part $6$

Requirement $1$c$.$ Compute South Bend Airlines

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$$first$-$year depreciation expense on the plane using the$$ 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.$)$