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Pharoah Company purchased a 777 aircraft on January 1, 2020 at a cost of $41,000,000. The estimated useful life of the aircraft is 20 years,

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Pharoah Company purchased a 777 aircraft on January 1, 2020 at a cost of $41,000,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $6,150,000. Compute the accumulated depreciation and book value at December 31, 2022 using the straight-line method and the double- declining-balance method Straight-line Declining-balance Accumulated depreciation 1.742,500 $ 4,100,100 Book value 34.850,000 36,900,000

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