On January 1, 2018, Air Canada purchased a used airplane at a cost of $46,000,000. Air Canada expects the plane to remain useful for eight years (6,000,000 miles) and to have a residual value of $4,000,000. Air Canada expects the plane to be flown 1,500,000 miles the first year and 1,000,000 miles the second year. Read the requirements. Requirement 1c. Compute second-year (2019) depreciation expense on the plane using the double-declining-balance method. Begin by selecting the formula to calculate the company's second-year depreciation expense on the plane using the double-declining-balance method. Then enter the amounts and calculate the depreciation expense for the second year. Double-declining- balance depreciation ( Cost Accumulated depreciation ) x 2 x (1 / Useful life) 2 x (1/8) 46000000 ) x Requirement 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods. Straight-Line Units-of-production Double-declining-balance Depreciation Expense - 2018 Depreciation Expense - 2019 Accumulated Depreciation ending balance