PLEASE HELP!! 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 GM Requirement 1a. Compute second-year (2025) depreciation expense on the plane using the straight-ine 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 and calculate the depreciation expense for the second year Cost Residual value - Useful life Straight-line depreciation 41000000 6000000 4375000 Requirement 1b. Computer second-year (2025) depreciation expense on the plane using the unite-of-production mothod, Before calculating the second-year depreciation expense on the plane using the units-of-production method, calculate the depreciation expense per 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 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 tc. 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-decining-balance method. Then enter tho amounts and calculate the depreciation expense for the second year 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 your and 1,000,000 miles the second year Read the fourtom CL Cost Residual value 6000000 - Useful ife in units 5000000 Depreciation per unit 41000000 Depreciation per unit Now, select the formula, enter the amounts and calculate the company's second-year depreciation expense on the phone using the units-of-production method. Current year usage Units of production depreciation 1400000 7 9800000 Requirement 1. Computer 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 K amounts and calculate the depreciation expense for the second your Cost Accumulated depreciation 12*(1 + Useful life) ) 2 (18) Double-declining = balance depreciation 7687500 41000000 10250000 Requirement 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods. Straight-Line Units-of-production Double-declining-balance Depreciation Expense - 2024 Depreciation Expense - 2025 Accumulated Depreciation ending balance Requirements 1. Compute second-year (2025) depreciation expense on the plane using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods. Print Done