PLEASE HELP BERY URGENT

On January 1, 2024. Austin Airline purchased a used airplane at a cost of $41,000,000 Austin Airline expects the plane to remain useful for eight years (5,000,000 miles) and to have a residual value of $6,000,000. Austin Airline expects the plane to be flown 1,400,000 miles the first year and 1.000.000 miles the second year, Read the requirements Requirement 1a. Compute second-year (2025) depreciation expense on the plane using the straight-line method Begin by selecting the formula to calculate the company's second year depreciation expense on the plane using the straight-line method. Then enter the amounts ang calculate the depreciation expense for the second year Cost Residual value > Useful life Straight-line depreciation 41000000 8000000 4375000 Requirement 1b. Compute second-year (2025) depreciation expense on the plane using the units-of-production method Before calculating the second-year depreciation expense on the plane using the units-of-production method, calculate the depreciation expense por unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit Cost Residual value ) + Useful life in units Depreciation per unit 41000000 6000000 ) 5000000 7 Now, select the formula, enter the amounts and calculate the company's second-year depreciation expense on the plane using the units of production method Current year usage Depreciation per unit = Units-of-production depreciation 1400000 7 9800000 Requirement 1c. Compute second-year (2025) depreciation expense on the plane using the double-declining balance method Begin by selecting the formula to calculate the company's second-year depreciation expense on the plane using the double-declining balance method. Then enter the amounts and calculate the depreciation expense for the second year. 2013 On January 1, 2024. Austin Arine purchased a used airplane at a cost of $41.000.000. Austin Airline expect the plane to remain set for eight year (5.000.000 miles) and to have a residual value of $6.000.000. Austin Alrine expects the plane to be flown 1.400.000 miles the first year and 1,000,000 miles the second year Read the requirements Cost Residual value 10- Lotul e in uns Depreciation per un 41000000 6000000 5000000 1 of 2 Bota pa Now, let the formulate the amounts and calculate the company's second year depreciation opens on the plane using the units of production method Current year ago Depreciation Dent Units-of-production depreciation 3400000 7 9800000 Requiremente. Como second year (2025) depreciation expense on the plane using the double-declining balance method Begin by selecting the formula to calculate the company's second-year depreciation expert on the plane using the double-declining-blance method. Then enter the amounts and calculate the depreciation expense for the second year Double-decin Cost Accumulated depreciation Useful balance depreciation 41000000 10250000 2018 7687500 93 bor2 Frequirement 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all the methode Straight-Line Units-of-production Double-declining balans Depreciation Expense - 2024 Depreciation Expense-2025 Accumulated Depreciation ending balance Residual value - Useful life in units Cost 41000000 Depreciation per unit 10 1 Requirements 0 Now, select the formula, enter units-of-production method Current year usage 1400000 Requirement te. Computo soc Begin by selecting the formula amounts and calculate the depr 1. Compute second-year (2025) depreciation expense on the plane using the following methods a. Straight line b. Units-of-production c. Double-deciining balance 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods. Wance mothod. Then enter the of 2 Cost 41000000 Print Done Requirement 2. Calculate the Depreciation Expone - 2024 Depreciation Expense - 2025 Accumulated Dupreciation ending balance la