P3.a Straight-line sepreciation South Airlines purchased a 747 aircraft on January 1, 2019, at a cost of $35,000,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $5,000,000 On January 1, 2022 the airline revises the total estimated useful life to 15 years with a revised salvage value of $3,500,000. (A) Required: Compute the accumulated depreciation and net book value of the aircraft at December 31, 2021 using the straight-line method. Enter your answers here: Accumulated depreciation on 12/31/2021 = Net book value on 12/31/2021 = P3.b Straight-line sepreciation (Continues Q3.b.) Required: (8) Compute the depreciation expense for the year ended December 31, 2022. Enter your answer here: Depreciation expense for the year ended 12/31/2022 SHOW YOUR WORK HERE: (No points given if work not shown). COM 2 2h AS A Fxtra Sheet GractinCheat