Oracony 1, 2020, Faby Mix purchased and Borderder jet te cost of $75,000.00 Foley expects the plane to remain unetul for six year (5.280,000 miles) and to have a residual value of $4.000.000. Falay expect the plane to be foun 1. Compute Foley's first year amortization on the jot using the following methods a. Straight line | 00P c. DDS 2. Show the pris book value the end of the first year under the raight line method 1. Cuculate the first year amortization: Round your final answer to the nearest whole dollar) .. Using the straight line method, amortization is b. Using the UOP method, nii (Do not round Intermediary calculations. Only round the amount you input in the cell to the nearest dollar) c. Using the method, amortionis (Do not round Intermediary calculations. Only round the amount you input in the call to the nearest dollar) 2. Show the book ve Me and of the first year under the straight line metod Book value Straigh-Line Com Less: Accumulated amortization Book Value