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. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)