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I need to get some help. On January 1, 2017, QuickAir Transportation Company purchased a used aircraft at a cost of $46,400,000. QuickAir expects the

I need to get some help. image text in transcribed
On January 1, 2017, QuickAir Transportation Company purchased a used aircraft at a cost of $46,400,000. QuickAir expects the plane to remain useful for five years (6,000,000 miles ) and to have a residual value of $6,400,000. QuickAir expects to fly the plane 825,000 miles the first year, 1,225,000 miles each year during the second, third, and fourth years, and 1,500,000 miles the last year: (Click the icon to view the first year depreciation amounts under each method) Read the requirements: earnings from investing the extra cash. (Round the depreciation rates to two decimal places. Round your final answers to the nearest whole dollar.)

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