On January 1, 2020, Northeast Transportation Company purchased a used aircraft at a cost of $58,900,000. Northeast erpocts the plane to remain isetul for five years (7200, 600 mileaj and to h. Road the reavirements 1. Compute Northeasrs deprociation for the first two years on the plane uning the straighdine method, the unts-ol-greduction method, and the dovole-orcining baianoe method. a. Straight-4ine method Using the straightine method, dopreclation is lor 2020 and sor2021 b. Unis-of-production method (Round the depreciation per init of output to two decimol places io compule yeur fral answers) Using the units-of-prosuction methot, depreplation is for 2020 and for 2021 c. Double-doclining balance method Using the doubie-decling-balance method, depreciation is for 2020 and for 201 2. Show the airplane's book value at the end of the firit year under each thethod. Requirements 1. Compute Northeast's depreciation for the first two years on the plane using the following methods: a. Straight-line method b. Units-of-production method (round depreciation per mile to the closest cent) c. Double-declining-balance method 2. Show the airplane's book value at the end of the first year under each depreciation method