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Exercise 263 Nast's Trading Post, LLC purchased a 777 alecraft on January 1, 2020 at a cost of $40,040,000. The estimated useful life of the

Exercise 263 Nast's Trading Post, LLC purchased a 777 alecraft on January 1, 2020 at a cost of $40,040,000. The estimated useful life of the aircraft is 20 years, with an estimated selvage value of 36,000,000 Compute the accumulated depreciation and book value at December 31, 2022 using the straight line method and the double-declining balance method. Straight-line Declining balance Accumulated depreciation Book Value

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