On January 1, 2018, Boston Airline purchased a used airplane at a cost of $55,900,000. Boston Airline expects the plane to remain useful for nine years (6,000,000 miles) and to have a residual value of $5,900,000. Boston Airline expects the plane to be flown 1,000,000 miles the first year and 1,300,000 miles the second year. Requirements 1. Compute first and 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 Requirement 2