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On January 1, 2017, Speedy Delivery Transportation Company purchased a used aircrat at a cost of $52.400,000 Speedy Delivery expects the plane to remain useful

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On January 1, 2017, Speedy Delivery Transportation Company purchased a used aircrat at a cost of $52.400,000 Speedy Delivery expects the plane to remain useful for five years (6,500,000 miles) and to have residual value of $4,400,000. Speedy Delivery expects to fly the plane 825,000 miles the first year, 1.425,000 miles each year during the second, third, and fourth years, and 1,400,000 miles the last year Read the requirements 1. Compute Speedy Delivery's depreciation for the first two years on the plane using the straight-line method, the units-of-production method, and the double-declining balance method a. Straight-line method for 2018 for 2017 and $ Using the straight-line method, depreciation is $ b. Units-of-production method (Round the depreciation per unit of output to two decimal places to compute your final answers) for 2018 for 2017 and S Using the units-of-production method, depreciation is c. Double-declining balance method for 2018 for 2017 and $ Using the double-doclining-balance method, depreciation is $ 2. Show the airplane's book value at the end of the first vear under each melthod Double-Declining- Units-of

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