On January 1, 2020, ShipEx Transportation Company purchased a used aircrat at a cost of $50,000,000, ShipEx expects the plane to reman useful tor five years (7, 300,000 miles) and to have a residual value of 54,000,000 shipex expects to fly the plane 900,000 miles the first year, 1,350,000 milos each year during the second, third, and fourth years, and 2,350,000 miles the last year Read the requirements. Requirements 1. Compute Shipsis do a. straightline mothod 1. Compute ShipEX's deprecistion for the first two years on the plane using the foliowing methods: a. Straightine method Using the straight fine b. Units-of-production method (round depreciaton per mile to the dosest cent) b. Units-of-production r c. Double-declining-balance method Using the units-ol-prod 2. 5how the airplane's book value at the end of the frit year under each depreciation method