On January 1, 2020. Questor Air purchased a used Bombardier jet at a cost of $55,000,000 Questor expects the plane to remain useful for four years (5,250,000 miles) and to have a residual value of $4,750,000. Questor expects the plane to be flown 925.000 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 $ b. Using the UOP method, amortization is $ (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) c. Using the DDB method, amortization is $ (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) 2. Show the jet's book value at the end of the first year under the straight-line method. Book value: Straight-Line Cost Less Accumulated amortization Book Value