On January 1,2020 , Alaska Freight Transportation Company purchased a used aircraft at a cost of $52,400,000. Alaska Freight expects the plane to remain useful for five years (6,000,000 mileo) and to have a residual value of $6,400,000. Alaska Freight expects to fy the plane 825,000 miles the frst year, 1,250,000 miles each year during the second, third, and fourth years, and i, 425,000 miles the last year. Read the cequiternents 1. Compute Alaska Freighri depreiciation for the first two years on the plane using the straight-line method, the units-of-production method, and the double-becining belance method a. Straight-ine method Using the straight-line method, depreciation is for 2020 and for 2021 Requirements 1. Compute Nacka Freghts depreciation for the first two years on the plane vsing the following methods a. Straightine method b. Unis-of-production method (round depreciation per mile to the closest cent) c. Double-dedining-batance mesiod 2. Show the airplane's book value at the end of the firs year under each depreciation method