On January 1, 2024, South Bend Avilines purchased a used airplane for 552,500,000. South Bend Arinies expects the plane to romain usold for five years (6,c00,900 miles) and ta have a cenidual value of 5.50,50,000. The company expects the piane to be flown 1,300.000 mies during the first year: Read the redurements Requirement 1a. Compute Sout Bend Arinesis frstyear depreciation expense on the plane uaing the staghtine method first year. Requirement 1b. Compule South Bend Airlines's first-year depreciabon expense on the plane using the inits-of-producton mebhod. calculale the debreciation per unit Now, seiect the formula, onter the arnounth, and caloulate the corthanys first year degrecikton esgense on the place using the unts of producion meitod Requirement te. Camqune Sout Bend Ariners fratyear bepreciation expense on the plane using the double deulning taiance muthod. depreciwise waperse for the frit year. (Iinter "or for aeme wath a repe valie ). 1. Compute South Bend 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