On January 1, 2019, Faley Arire purchased a used airplane at a cost of $49,200,000. Faley Arine expects the plane to manusetultor cight years 14,000,000 miles, and to have a rescual value of $5,200,000. Foley Arine expects the plane to be town 1,600.000 miles the first year and 1,100,000 mics the second year. Read the wirements Requirement 1a. Computer second-year (2010) depreciation expense on the plane using the straight-ine methoc. Begin by selecting the forma to late the company's second-year depreciation expense on the plane using the straight-line rethod. Then erster the amounts and calculate the depreciation expense for the second year. Coat - Residual value ) Useful - Slaghuine depreciation Requirement 1b. Compule curd-year (2019) depreciation expence on the plane using the urils-o-production method. Before calculating the second-year depreciation expertise on the plane using the unita-or-production method, calculate the depreciation expense per unit Select the formula, then enter the amounts and calculate the depreciation experceperunt. Cost - Residual value Useful life in units = Depreciation per unit Now, select the formule, enter the amours and calculate the company's second-year depreciation expense on the plane using the unts of producbon method. = units of production cepreciation Requirement 1e. Computo second-year (2015) depreciation expense on the plane using the double-declining-balance method. Legn by selecting the fomula to da culate the company's second year depreciation expense on the plane using the double declining balance method. Then enter the amounts and calculate the depreciatior expense for the second year. Double-decining C ost . Hesidual valus x 2x(11 Uschule) - va depreciation i Requirement 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods. Straight-Line Units-of-production Double-declining-balanca Depreciation Expense-2018 Depreciation Expense -2019 Accurrulated Depreciation anding ba ance