On January 1, 2017, QuickAir Transportation Company purchased a used aircraft at a cost of $63,100,000. QuickAir expects the plane to remain useful for five years (7,000,000 miles) and to have a residual value of $5,100,000. QuickAir expects to fly the plane 800,000 miles the first year, 1,350,000 miles each year during the second, third, and fourth years, and 2,150,000 miles the last year. Read the requirements a. Straight-line method for 2017 and $ Using the straight-line method, depreciation is $ for 2018. b. Units-of-production method (Round the depreciation per unit of output to two decimal places to compute your final answers.) for 2018 Using the units-of-production method, depreciation is $ for 2017 and $ c. Double-declining balance method for 2017 and $ for 2018 Using the double-declining-balance method, depreciation is $ Double-Declining Units-of- Straight-Line Book Value: Production Balance Less: Book Valu Accumulated depreciation Cost Depreciation expense Residual value