On January 1, 2018, South Bend Airlines purchased a used airplane for $53,600,000. South Bend Airlines expects the plane to remain useful for four years (6,000,000 miles) and to have a residual value of $5,600,000. The company expects the plane to be flown 1,100,000 miles the first year.

On January 1, 2018, South Bend Airlines purchased a used airplane for $53,600,000. South Band Airlines expects the plane to remain useful for four years (8,000,000 miles) and to have a residual value of $5,800,000. The company expects the plane to be flown 1,100,000 miles the first year. Read the requirements Requirement 1a. Compute South Bend Airlines's fvst-year depreciation expense on the plane using the straight-line method. Begn by selecting the formula to calculate the company's first-year depreciation expense on the plane using the straight-line method. Then enter the amounts and calculate the depreciation for the first year. = Straight-line depreciation Requirement 1b. Compute South Bend Airlines's first-year depreciation expense on the plane using the units-of-production method. Before calculating the first-year depreciation expense on the plane using the units-of-production method, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation per unit. = Depreciation per unit Now, select the formula, enter the amounts, and calculate the company's first-year depreciation expense on the plane using the units-of-production method. Units-of-production depreciation Requirement 1c. Compute South Bend Airlines's first-year depreciation experse on the plane using the double-declining balance method Begn by selecting the formula to calculate the company's first-year depreciation expense on the plane using double-declining-balance method. Then enter the amounts and calculate the depreciation expense for the first year. (Enter 'O' for items with a zero value.) Double-declining balance depreciation ) Requirement 2. Show the airplane's book value at the end of the first year for all three methode Straight-Line Units-of-production Double-declining-balance Cost Less: Accumulated Depreciation Book Value Choose from any list or enter any number in the input fields and then continue to the next