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On January 1, 2020, Advanced Air purchased a used Bombardier aircraft at a cost of $50,000,000 Advanced expects the plane to remain useful for five

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On January 1, 2020, Advanced Air purchased a used Bombardier aircraft at a cost of $50,000,000 Advanced expects the plane to remain useful for five years (6.000,000 miles) and to have a residual value of $5,500,000 Advanced expects the plane to be flown 850,000 miles the first year and 600,000 miles the second year. (Note: "Miles" is the unit of measure used in the airline industry) Compute second-year amortization on the plane using the following methods a. Straight line b. UOP c. DDB Calculate the second year amortization a. Using the straight-line method, amortization is $(Round your answer to the nearest whole dollar.) 6. Using the units-of-production method, amortization is $ (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar) c. Using the double-declining balance method, amortization is $ (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar)

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