Profiles Tab Window Help Content X KH Exams HPC mation pre X CHAPTER 1-REX work.aspx?homeworkid-622820759&questionid 158flushed-false&cid-6839885&back-De Question 15, S7-5 (similar to) Part 1 of 6 HW Sco O Pol sed a used aircraft at a cost of $54,000,000. Northeast USA expects the plane to remain useful for five y 275,000 miles each year during the second, third, and fourth years, and 2,150,000 miles the last year help-1 54 500 Requirements 1. Compute Northeast USA's depreciation for the first two years on the plane using the following methods a. Straight-line method b. Units of production method (round depreciation per mile to the closest cont e. Double-declining-balance method 2. Show the airplane's book value at the end of the first year under each depreciation method 5 9 Print Done MacBook Ait 19 7 B X Homework: Chapter 7 Homework Question 15, 57-8 (similar to) Part 1 of 6 O Points: 0 of 30 On January 1, 2020, Northeast USA Transportation Company purchased a used aircraft at a cost of $54,000,000 Northeast USA expects the plane to remain useful for five years (6.800.000 miles) and to have a residual value of $4,000,000 Northeast USA expects to fly the plane 825,000 miles the first year, 1,275,000 miles each year during the second, third, and fourth years, and 2,150,000 miles the last year Read the ful 1. Compute Northeast USA's depreciation for the first two years on the plane using the straight-line method the units of production method, and the double-declining balance method Straight method. Using the straight line method depreciation for 2020 and for 2021