Having some trouble

4. In the highlighted cells, indicate the useful life and salvage value percentage. Then calculate the annual depreciation expense that Delta and Singapore would record for each 5100 of aircraft cost. For example, if salvage value was 4% of cost and the useful life was 4 years then the calculation would be (100 (100*.04li/4 years = 24. Your answer is the percentage of aircraft cost depreciated each year (e.g., 24%), which allows you to compare firms with different 5 amounts of aircraft. Delta Delta Delta Singapore Singapore 7/1/86 to Prior 7/ 1/86 3/3 1/93 4/ 1/93 on Prior 4/ 1/89 4/ 1/89 on Useful Life in years Salvage Value as a percentage of cost (4 percent is stated as .04) Depreciation stated as a decimal ($24 per $100 is stated as .24. Don't round answers; columns d and e should have 4 decimal places). 5. In the highlighted cells, indicate if the listed amounts are, lower, higher or the same for Delta vs. Singapore. Delta Singapore Useful Life Salvage Value Same or Lower Same or Higher Depreciation expense as a percentage of aircraft cost Resulting net income given differences in depreciation expense as a percentage of aircraft cost 6. Calculate the average gross value of flight equipment that Delta owned and leased with a capital lease from beginning and end of 1993 ((Beginning 5 amts + Ending 5 amts)/2). Report dollars in millions like the financial statements and don't round your answer. 7. Using Delta's average value of flight equipment calculated in C16 and the depreciation percentages calculated in Q4 to determine: The dollar impact to Delta's depreciation expense that results from the change in assumptions on 4/1/1993: Report dollars in millions like Indicate if the the financial statements, depreciation report as a positive number, expense was and round your answer to the higher or lower nearest whole number. after the change. The difference in Delta's depreciation expense vs. Singapore's depreciation expense using their most recent assumptions from row 24: Report dollars in Indicate if millions like the financial Delta's statements, show amount as depreciation a postive number, and round expense was your answer to the nearest higher or lower