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Ragnar Airtines purchased a 747 aireraft on Jaryuary 1. 2015 , at a cost of 395,000,000. The estimated usetua wite of this Dircraft is 20

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Ragnar Airtines purchased a 747 aireraft on Jaryuary 1. 2015 , at a cost of 395,000,000. The estimated usetua wite of this Dircraft is 20 yeark, with an entimated nalvage value of $5,000,000. On January 1,2018 the aimine refises the totat entimaned uscofulife to 75 yaars (from the time of purchase), with a revisod aatvage value of $3,500,000. (a) Assume that Ragnar Airlines uses the Straight Line method to depreciate the aircraft On Dee 31. 2017. after all adjusting entries have been posted, the balance in the Accurnulated depreciation in a creait of: (insort a dollar number with no separatora or symbols). On Dec 31, 2017, after all adjusting entries have been posted, the Book Value of the Alrcraft is: (inserta dollar number with no separators or symbols). Compute the depreciation expense for the year ended December 31, 2018. The depreciation expense is: nsert a dollar number with no separators or symbols). Assume that Ragnar Airlines uses the Double Declining balance method to depreciate the aircraft. donlar nermber witi ne sisparatiare ar arasbole? fincert = Cormpute the fleprociation exponee for the year andad Dicarntar a1, 20tB The deprociation axpentu in (kiedert a dolfar rumber with no naparatore or aymbols). On Doc 31, 2017, afror alt adfuntind antrian have been posted, the balsnce in the Accumutated deprechation of the fucrah acrournt is a credit of. (ineort a dollar rumber with no separators or tymbola). On Dec 31,2017, after all adjusting entries have been posted, the Book. Vahe of the Aircraft ist. dollar number with no separators or symbois)

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