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Exercise 263 Sheridan Company purchased a 777 craft on January 1, 2020 at a cost of $40,240,000. The estimated useful le of the aircraft is

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Exercise 263 Sheridan Company purchased a 777 craft on January 1, 2020 at a cost of $40,240,000. The estimated useful le of the aircraft is 20 years, with an estimated salvage value of $6,036,000 Compute the accumulated depreciation and book value at December 31, 2022 using the straight line method and the quble declining-balance method Straight line Declining balance Accumulated depreciation $ book value

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