On January 1, 2018, South Bend Arines purchased a red srplane for $41,600,000. South Bend lines erpects the plane to remain selt for five years (4,000,000 miles and to have a residual value of 55,600,000. The company expects the plane to be flown 1,600,000 miles the first year Read the requirements Requirement ta. Come South Bend Arinos's first year depreciation expertise on the plane using the strane method Begin by selecting the formula to calculate the company's first year depreciation expense on the plane using the right ne method. Then enter the amounts and out the depreciation for the first you Sraight line depreciation > Requirement 16. Compte Souh Bend Arlines's first year depreciation expense on the plane using the intr-of production method Before calling the first year depreciation experse on the plane using the niso production method, calculate the depreciation expense perunt. Select the formula, then enter the amounts and call the deprecation perunt 17 - Depreciation per > - Now, sclect the formulate the amounts, and calculate the company's first year depreciation excente on the plane using the froduction method Choose from any listo erorany number in the inputs and continue to the question On January 1, 2018, South Bend Arines purchased a used airplane for $41,000,000. South Bend Airlines expects the plane to remain useful for five years (4.000.000 mool and to have a residual value of $5,600,000. The company expects the plane to be flown 1600,000 miles the first year Read the recurement Now, Solect the forma en torno amounts, and calculate the company's first-year depreciation experise on the plane using the units of production method Unts of production depreciation Requirement te. Com South Bend Airlines's st-year depreciation expert on the plane using the double declining balance method Ben by colecting the formato coin the company's first year depreciation expert on the plane using the double declining balance method. Then enter the amounts and colouate the depreciation expense for the first worfor toms with a roval) Double coding > Requirement 2. Show the plant's book value at the end of the first year for all the methods Choose from any store any number in the input fields and then continue to the next question, Begin by selecting the formula to calculate the company's first year depreciation expense on the plane using the double-decining balance method Than enter the amounts and calculate the decrecicho pensa for the first year (En oor hom with a zero value) Double doing - balance depreciation x Requirement 2 Show the stock and of the frst year for all three methods Straight-Line Units of production Double-declining balance Coal Less: Accumulated Depreciation Book Value Choose from any listoranterary number is the inputs and then continue to the bustion Requirements at the end of 1. Compute South Bend Airlines's first-year depreciation expense on the plane using the following methods: a. Straight-line b. Units-of-production C. Double-declining-balance 2. Show the airplane's book value at the end of the first year for all three methods. ht-Line Print Done the input fields and then continue to the next