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On January 1, 2020, Northeast USA Transportation Company purchasod a used aircrat at a cost of 364,400,000. Northeast USA expocts the slase fo romain useld

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On January 1, 2020, Northeast USA Transportation Company purchasod a used aircrat at a cost of 364,400,000. Northeast USA expocts the slase fo romain useld tor fve years (6, O60,c00 milk3) and to have a residual value of $6,400,000. Northeast USA expects to fy the plane 725,000 miles the frst year, 1,300,000 miles each yoar during the second, fird, and fourh yoarh and 1,375,000 miles the last year. Fead the teguirements 1. Compute Northeas USA's depreclation for the first two years on the plane using the straightine method, the units-of-groduction method, and the doublo-doclinirg balanoe method. a. Straight-line meihod Uuing the straight ane method, deprecivtion is for 2020 and for 2021. b. Units-ol-production method (Round the deprecioton per unit of output to two decimal places to compute your final answers? Using the units-d-production method, depreciation is c. Double-decining balance method Using the double-declining-balance method, dopreciation is for 2020 and for 2021

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