On January 1, 2018, Air Canadians purchased a used airplane for AED 37,000,000. Air Canadians expects the plane to remain useful for five years (4,000,000 miles) and to have a residual value of AED 5,000,000. The company expects the plane to be flown 1,400,000 miles during the first year. (10 marks). 1. What is Compute Air Canadians's first-year depreciation expense on the plane using the following methods: a. The Straight-line method (2 marks) b. The Units-of-production method (2 marks) c. The Double-declining-balance method (2 marks) 2. What is the airplane's book value at the end of the first year for all three methods. a. The Straight-line method (1 mark) b. The Units-of-production AED (1 mark) c. Double-declining-balance AED (1 mark) 3. If you were trying to attract investors, which method would you use?(1 mark) Write your answers in the text box below and show all workings