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On January 1, 2020, Northeast USA Transportation Company purchased a used airciaf at a coat of $64,400,000. Northeast USA expects the plane to remain usetu

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On January 1, 2020, Northeast USA Transportation Company purchased a used airciaf at a coat of $64,400,000. Northeast USA expects the plane to remain usetu for five years (6.000,000 mles) and to have a residual value of $6,400,000. Northeast USA expects to fy the plane 725,000 mlles the first year, 1,300,000 milos each year during the secord, third, and fauth years, and 1,375,000 miles the last year. Read the 1. Compute Northeast USA's depreciation for the first two years on the plane using the straight-ine method. the units-of-producton mothod, and the double-decliting balance mehcod a. Straight-line method Using the straightine nethod, deprecistion is for 2020 and lot 2024. b. Units-of-production method (Round the depreciation per unit of outgut to teo decimal glaces to compute your frnal answats) Uting the units-of-production method, depreciation is tor 2020 and for 2021 e. Double-decliving balance method Using the dovble-declining-balanoe mothed, depreciation is for 2020 and for 2021. 2. Shicw the arplane's book valus at the end of the fint year under each method

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