on January 1, 2020, AMERAX transportation company purchased a used aircraft the cost of $62 million Amer expects a plane to remain useful for five years 5,000,000 miles and have residential value of $4 million Americas expects to fly the plane 700,000 miles first year , 1,225,000 miles each year during the second third and fourth years and 625,000 miles in the last year

On January 1, 2020, AmerEx Transportation Company purchased a used aircraft at a cost of $62,000,000. AmerEx expects the plane to remain useful for five years (5,000,000 miles) and to have a residual value of $4,000,000. AmerEx expects to fly the plane 700,000 miles the first year, 1,225,000 miles each year during the second third, and fourth years, and 625,000 miles the last year. Read the requirements 1. Computo Amernis depreciation for the most two years on the plane using the right method, the demontenuto and the doudoing hence matot Strane method Using the straight line memot, depreciation is vor 2017 ads 2018 Units of production method (Pound the depreciation per unit of power places to compute your team Using the units of production method. depreciation is $ tur 2017 and 5 c. Double declining balance method Using the double-decting balance moderations tur 2017 and 2. Show the arptan's book value at the end of the first year under each method. Units-of- Double-Declining Book Value: Straight-Line Production Balance Book Voo Requirements 1. Compute AmerEx's depreciation for the first two years on the plane using the following methods: a. Straight-line method b. Units-of-production method (round depreciation per mile to the closest cent) c. Double-declining-balance method 2. Show the airplane's book value at the end of the first year under each depreciation method. Print Done