Please help. The requirements are the questions. Thanks

On January 1, 2017. Northeast USA Transportation Company purchased a used aircraft at a cost of $49,200,000. Northeast USA expects the plane to remain useful for five years (6,000,000 miles) and to have a residual value of $5,200,000. Northeast USA expects to fly the plane 775,000 miles the first year, 1,350,000 miles each year during the second, third, and fourth years, and 1,175,000 miles the last year. (Click the icon to view the first year depreciation amounts under each method.) Read the requirements. - X nature of the tax advantage. 0 Requirements use. the first year. can invest to earn more income. Assume Northeast USA is trying to decide which depreciation method to use for income tax purposes. The company can choose from among the following methods: (a) straight-line, (b) units-of-production, or (C) double-declining-balance methods. 1. Which depreciation method offers the highest tax advantage for the first year? Describe the nature of the tax advantage. 2. How much income tax will Northeast USA save for the first year of the airplane's use under the method you just selected as compared with using the straight-line depreciation method? The company's income tax rate is 38%. Ignore any earnings from investing the extra cash. the method you just selected as compared with using the straight-line ing the extra cash. (Round the depreciation rates to two decimal places