On January 1, 2020, Best Shipping Transportation Company purchased a used aircraft at a cost of $55,400,000. Best Shipping expects the plane to remain useful for five years (7,300,000 miles) Kand to have a residual value of $5.400.000. Best Shipping expects to By the plans 700,000 miles the first year, 1.300.000 miles each year during the second, third, and fourth years, and 2.700,000 miles the last year. Read the requirements 1. Compute Best Shipping's depreciation for the first two years on the plane using the straight-line method, the units-of-production method, and the double-declining balance method. a. Straight-line method Using the straight-line method, depreciation is $10.000.000 for 2020 and $10,000,000 for 2021. b. Units-of-production method (Round the depreciation per unit of output to two decimal places to compute your final answers) Using the units of production method, depreciation is for 2020 and for 2021