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On January 1, 2020, Fast Delivery Transportation Company purchased a used averat at a cost of $50,300.000. Fou Delivery spects the plane to remain useful
On January 1, 2020, Fast Delivery Transportation Company purchased a used averat at a cost of $50,300.000. Fou Delivery spects the plane to remain useful for five years (6.500.000 ml) and to have 54,300.000 Foot Delivery 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 2, 125.000 miles the last year Read the requirements Computo Fast Delivery depreciation for the first two years on the plane using the straighine method, the units of production method, and the double declining balance method Straight line method Using the straigh-line method, depreciation is $ 1.200.000 for 2020 and 5.9.200,000 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 $ 4,056,000 for 2020 and $ 8,873,000 for 2021 c. Double-declining balance method Using the double-declining balance method. depreciation is $20,120,000 for 2020 and $ 12.072,000 for 2021 2. Show the airplane's book value at the end of the first year under each method. Straight-Line Book Value: Residual value Les Accumulated depreciation Book Value
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