On January 1, 2018 Austin Airline purchased a used airplane at a cost of $64,000,000. Austin Airline expects the plane to remain useful for eight years (6,000,000 miles) and to have a residual value of $4,000,000. Austin Airline expects the plane to be flown 1,400,000 miles the first year and 1,500,000 miles the second year Read the requirements Requirement 1a. Compute second year (2019) depreciation expense on the plane using the straight-line method Begin by selecting the formula to calculate the company's second-year depreciation expenso on the plane using the straight-line method Then enter the amounts and calculate the depreciation oxpense for the second year Straight-line depreciation 1. Compute second-year (2019) depreciation expense on the plane using the following methods a. Straight-line b. Units-of-production c. Double-declining-balance 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods