buntil Score: 0 of 1 pt 4 of 11 ( complete) HW Score: 43.81%, 4.82 of 11 pts SF9-4 (book/static) Question Help On January 1, 2024. Advanced Airline purchased a used airplane at a cost of $60,500,000. Advanced Airline expects the plane to main for eight years (5,000,000 miles) and to have a residual values of $5.500.000 Advanced Airline expects the plans to be flown 1.100.000 miles the first year and 1 200 000 miles the second year Read the requirements Requirement 1. Compute second year (2025) 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 line method Then enter the amounts and calculate the depreciation expense for the second year = Straight-inu depreciation Choose from any drop-down list and then click Check Answer Check ARMEN Clear All ols 7 Parts remaining www.NO GAP pranon have a residual value of $5,500,000. Advanced Airline expects the plane to be flown 1,100,000 miles the first year and 12 te second- - X Requirements ethod. Then er mula to cald expense to 1. Compute second-year (2025) 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 own list an Print Done Che BAU