January 1, 2018, Texas Aeros purchased a used airplane for 60,600,000

On January 1, 2018. Texas Aeros purchased a used airplane for $60,600,000. Texas Aeros expects the plane to remain useful for four years (5.000.000 miles) and to have a residual value of $5,500,000. The company expects the plane to be flown 1.100.000 miles the first year. Read the requirements Requirement 1. Compute Texas Aeros's first-year depreciation expense on the plane using the straight line method Begin by selecting the formula to calculate the company's first year depreciation expense on the plane using the straight-line method. Then enter the amounts and calculate the depreciation for the first year, = Straight-line depreciation Requirement 1b. Compute Texas Aeros's first-year depreciation expense on the plane using the units of production method Before calculating the first-year depreciation expense on the plane using the units-of-production method, calculate the depreciation expense per unit Select the formula, then enter the amounts and calculate the depreciation per unit. - Depreciation per unit Now, select the formula, enter the amounts, and calculate the company's first year depreciation expense on the plane using the units of production method Units of production depreciation Requirement 1c. Compute Texas Aeros's first-year depreciation expense on the plane using the double-declining balance method Begin by selecting the formula to calculate the company's first year depreciation expense on the plane using the double declining balance method Then enter the amounts and calculate the depreciation expense for the first year. (Enter zero value) for items with a Double-declining Choose from any list or enter any number in the input fields and then continue to the next question On January 1, 2018. Texas Aeros purchased a used airplane for $60,600,000. Texas Aeros expects the plane to remain useful for four years (5.000.000 miles) and to have a residual value of $5,500,000. The company expects the plane to be flown 1.100.000 miles the first year. Read the requirements Requirement 1. Compute Texas Aeros's first-year depreciation expense on the plane using the straight line method Begin by selecting the formula to calculate the company's first year depreciation expense on the plane using the straight-line method. Then enter the amounts and calculate the depreciation for the first year, = Straight-line depreciation Requirement 1b. Compute Texas Aeros's first-year depreciation expense on the plane using the units of production method Before calculating the first-year depreciation expense on the plane using the units-of-production method, calculate the depreciation expense per unit Select the formula, then enter the amounts and calculate the depreciation per unit. - Depreciation per unit Now, select the formula, enter the amounts, and calculate the company's first year depreciation expense on the plane using the units of production method Units of production depreciation Requirement 1c. Compute Texas Aeros's first-year depreciation expense on the plane using the double-declining balance method Begin by selecting the formula to calculate the company's first year depreciation expense on the plane using the double declining balance method Then enter the amounts and calculate the depreciation expense for the first year. (Enter zero value) for items with a Double-declining Choose from any list or enter any number in the input fields and then continue to the next