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On January 1 2020, Logan Air purchased a used Bombardier aircraft at a cost of $45.000.000. Logan expects the place to remain set for five
On January 1 2020, Logan Air purchased a used Bombardier aircraft at a cost of $45.000.000. Logan expects the place to remain set for five years (4,500.000 mies) and to have a residual value of $6,500,000 Logan expects the plane to be flown 625,000 miles the first year and 550.000 miles the second year. (Note: "Mies' is the unit of measure used in the airline industry) Compuie second year amortization on the plane using the following methods # Straight line b, UDP e DDO Calculate the second-year smorization a. Uwing the straightne method, amortization is (Round your answer to the nearest whole dotar) b. Using the units of production method, amortization is $(Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar) c. Using the double deciring-warce method, motivation in $(Do not round Intermediary calculations. Only round the amount you input in the call to the nearest dollar) On January 1, 2020, Logan Air purchased a used Bombardier aircraft at a cost of $45,000,000 Logan expects the plane to remain useful for five years (4.500.000 miles) and to have a resktual value of $6.500.000 Logan expects the plane to be flown 025,000 miles the first year and 560,000 miles the second year. (Note: "Mies" is the unit of measure used in the airline industry) Compute second year amortion on the plane using the following methods a. Straight line E DOI c. DOG Calculate the second-year amortization .. Using the straight line method, amortization is $). (Round your answer to the nearest whole dollar) b. Using the units of production method, amortization is $(Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dolar) c. Using the double-declining balance method, amortization is $(Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar) Enter your answer in each of the answer boxes
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