On January 1, 2020, Questor Air purchased a used Bombardier jet at a cost of $40,000,000. Questor expects the plane to remain useful for four years (6,250,000 miles) and to have a residual value of $5,500,000. Questor expects the plane to be flown 725,000 miles the first year. (Note: "Miles" is the unit of measure used in the airline industry.)

1.Compute Questor's first-year amortization on the jet using the following methods:

a.Straight line

b.UOP

c.DDB

2.Show the jet's book value at the end of the first year under the straight-line method.

1. Calculate the first-year amortization: (Round your final answer to the nearest whole dollar.)

a. Using the straight-line method, amortization is $?

Please show the proper way to do the work and the right answer. Thank you.