On Januay 1, 2020. OulckAir Transportation Compary purchased a used aircraft at a cost of S46,300.000. Quick Air expects the plane lo rerain usahul for five years (7,300,000 miles) and to have a residual valu0 of $4,300,000. QuickAir expects to fly the plane 700,000 miles the frat year, 1.650,000 miles 00ch yoar ouring the second, third, and focirth yoars, and 1,650,000 miles the last year. Resed the 1. Compute QuickAir's dopreciabion for the first two years on the plane using the straight-line method, the urits-of-production method, and the doubie-declining balance methoc. a. Straighedine method Using the straight-line mothod, dopreciation is 1. Compute QuickAir's depreciation for the first two years on the plane using the following methods: a. Straight-line method b. Units-of-production method (round depreciation per mile to the closest cent) c. Double-declining-balance method 2. Show the airplane's book value at the end of the first year under each depreciation method