On January 1, 2024, Questor Allines purchased a used airplane for $65,600,000 Questor Aurlines expects the plane to remain useful for five years (6.000, 000 miles) and to have a residual value of $5,600,000. The company expects the plane to be flown 1,500,000 miles during the first year. Read the tequitements Requirement 1a. Compute. Questor Ailines's frat-year depreciation expense on the plane using the straight that method Begin ty selecing the formula to calculate the company firstyeat dopreciator expenso on the plane using the straight-lite mathed Then erler the amounts and calculate the depreciation for the font year Requirements 1. Compute Questor Airlines's first-year depreciation expense on the plane using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance 2. Show the airplane's book value at the end of the first year for all three methods. On August 31, 2023, Austin Sound Center purchased a copy machine for $27.600 Austin Sound Center expects the machine to last for three years and to have a resid. value of \$1,500. Compute depececiation expense on the machine for the year ended Decemtrer 31,2023 using the straight-fine method Begin by selecting the formula to calculate the companys depuciation expense on the machine for the year ended December 31.2023. Then enter the amounts and calculate the depreciation expense. (Abbreviation usect Ace ancurhulated Do not round intermediary calculations. Only round the ormount you inpue for straight line depreciation to the nearest dollar.)