On January 1, 2020, FyFast Airways purchased a used Bombardier jet at a cost of $10,000,000. FlyFast expects the plane to remain useful for five years (5.500,000 miles and to have a residual value of $6,500,000. FyFast expects the plane to be fown 800,000 miles the first year. (Note: "lesis the unit of measure used in the airline industry) 1. Compute FlyFoot's first year amortization on the jet using the folowing methods . Straight line & DOO 2. Show the jers book value at the end of the first year under the straighting method 1. Calculate the first year amortization: (Round your final answer to the nearest whole dollar) 2. Using the right ne method, amortization is Using the UOP method, nonton (Do not round Intermediary estelations, Owly round the amount you input in the call to the newest dollar) 6. Using the method tortois De not round intermediary calculations. Only round the amount you input in the cell to the nearest dotar) 2. Show the book value of the end of the first year under the sine med Book value Straight-Line Com Less: Accumulated amortion Book Value