On January 1, 2020, FlyFast Airways purchased a used Bombardier jet at a cost of $85,000,000. FlyFast expects the plane to remain useful for six years (5.250,000 miles) and to have a residual value of $5,250,000 FlyFast expects the plane to be flown 925,000 miles the first year. (Note: "Miles" is the unit of measure used in the airline industry.) 1. Compute FlyFast's first-year amortization on the jet using the following methods a. Straight line 1. Compute FlyFast's first-year amortization on the jet using the following methods: a. Straight line b, UOP c. DDB 2. Show the jet's book value at the end of the first year under the straight-line method