On January 1, 2021, Turkish Airlines purchased a new Airbus a380 aircraft at $375,000,000. The company estimated useful life of the aircraft as 20 years, and its salvage value will be $5,000,000. It is also estimated that the aircraft will produce 217,000,000 units over its 20-year useful life. If 10,850,000 miles are driven annually what is the journal entry for the depreciation of the aircraft at December 31, 2021. Prepare a depreciation schedule, which shows the annual depreciation expense on the machine for its 20-year life. (The firm uses the straight line method.)

please explain the answer step by step.