On January 1, 2024, Air Canada purchased a used aiplane at a cost of 543,000,000. Air Canada expects the phane to remain uselul for eight years (4, 000,005 miles) and to have a residual value of $7,000,000 Air Canada expects the plane to be flown 1,400,000 miles the first year and 1,000,000 miles the second year Read the requirements 5 Requirement 1c. Compute seoond.year (2025) deprediation wopense on the plane using the double decling balarkie method Begin by selecting the formula to calculate the company's second year depreciation expense on the plane using the douklle-decling balance method. Then anter the arnounts and calculate the depreciation expense for the second year