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On January 1, 2020, Speedy Delivery Transportation Company purchased a used aircraft at a cost of,551,200,000. Speedy Delivery expects the plane to remain useful
On January 1, 2020, Speedy Delivery Transportation Company purchased a used aircraft at a cost of,551,200,000. Speedy Delivery expects the plane to remain useful for five years (7,000,000 miles) and to have a residual value of $5,200,000 Speedy Delivery expects to fly the plane 825,000 miles the first year, 1.350.000 miles each year durdg the second, third, and fourth years, and 2.125,000 miles the last year. 1. Compute Speedy Delivery's depreciation for the first ten years on the plane using the straight-line method, the units-of-production method, and the double-declining balance method Strags ine method Using the straight-line method, depreciation for 2020 and for 2021 b. Units of production method (Round the depreciation per unit of output to two decimal places to compute your final answers.) Using the units of production method, depreciation is for 2020 and Doute-declining balance method Using the double-dedining balance method, for 2020 and 2. Show the airplanes took value at the end of the first year under each metod Book Value Laxe B 4 Straight-Line for 2021 Units of Production Double Dining Balance
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