On January 1, 2017, Northeast USA Transportation Company purchased a used aircraft at a cost of $62,700,000 Northeast USA expects the plane to remain useful for five years (6,800,000 miles) and to have a residual value of $4,700,000. Northeast USA expects to fly the plane 775,000 miles the first year, 1,350,000 miles each year during the second, third, and fourth years, and 1,975,000 miles the last year. (Click the icon to view the first year depreciation amounts under each method.) Read the requirements. final answers to the nearest whole dollar.) On January 1, 2017, Northeast USA Transportation Company purchased a used aircraft at a cost of $62,700,000. Northeast USA expects the plane to remain useful for five years (6,800,000 miles) and to have a residual value of $4,700,000. Northeast USA expects to fly the plane 775,000 miles the first year, 1,350,000 miles each year during the second, third, and fourth years, and 1,975,000 miles the last year: (Click the icon to view the first year depreciation amounts under each method.) Read the requirements. 2. How much income tax will Northeast USA save for the first year of the airplane's use under the method you just selected as compared with using the straight-line depreciation method? The company's income tax rate is 32%. Ignore any earnings from investing the extra cash. (Round the depreciation rates to two decimal places. Round your final answers to the nearest whole dollar.) On January 1, 2017, Northeast USA Transportation Company purchased a used aircraft at a cost of $62,700,000 Northeast USA expects the plane to remain useful for five years (6,800,000 miles) and to have a residual value of $4,700,000. Northeast USA expects to fly the plane 775,000 miles the first year, 1,350,000 miles each year during the second, third, and fourth years, and 1,975,000 miles the last year. (Click the icon to view the first year depreciation amounts under each method.) Read the requirements. final answers to the nearest whole dollar.) On January 1, 2017, Northeast USA Transportation Company purchased a used aircraft at a cost of $62,700,000. Northeast USA expects the plane to remain useful for five years (6,800,000 miles) and to have a residual value of $4,700,000. Northeast USA expects to fly the plane 775,000 miles the first year, 1,350,000 miles each year during the second, third, and fourth years, and 1,975,000 miles the last year: (Click the icon to view the first year depreciation amounts under each method.) Read the requirements. 2. How much income tax will Northeast USA save for the first year of the airplane's use under the method you just selected as compared with using the straight-line depreciation method? The company's income tax rate is 32%. Ignore any earnings from investing the extra cash. (Round the depreciation rates to two decimal places. Round your final answers to the nearest whole dollar.)
