Question 14, S7-5 (similar to) HW Score: 50%,10 of 20 points Part 1 of 6 Points: 0 of 1 Save On January 1, 2017, Fast Delivery Transportation Company purchased a used aircraft at a cost of $47,200,000. Fast Delivery expects the plane to remain useful for five years (7,300,000 miles) and to have a residual value of $5,200,000. Fast Delivery expects to fly the plane 875,000 miles the first year, 1,300,000 miles each year during the second, third, and fourth years, and 2,525,000 miles the last year. Read the [adirement. 1. Compute Fast Delivery's depreciation for the first two years on the plane using the straight-line method, the units-of-production method, and the double-decining balance method. a. Straight-line mothod Using the straight-line method, depreciation is \$ 8400000] for 2017 and $ 840000 for 2018. modocs example Get more help - Clear all Check answer 1. Complute Fast Delivery'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 cent) c. Double-declining-balance method 2. Show the airplane's book value at the end of the first year under each depreciation method. Demodocs example Get more help