On January 1, 2024, UTM purchased a used airplane for $6,000,000. UTM expects the plane to remain useful for five years or 1,000,000 miles. Residual value is expected to be $500,000. UTM expects to fly 250,000 miles in the first year. I Compute first-year depreciation and round to the nearest cent using the double declining balance method. Clearly label your answer. Calculate total gross pay using the following information. Clearly label straight-time pay, overtime pay, and gross pay. Walker manages a Dairy Queen. His straight-time pay rate is $12/hour, with time and a half for hours in excess of 40. Walker worked 58 hours during the week.