requirement 2

On January 1, 2018. Texas Aeros purchased a used airplane for $32,500,000. Texas Aeros expects the plane to remain useful for five years (4,000,000 miles) and to have a residual value of $4.500,000. The company expects the plane to be fown 1,300,000 miles the first year 1.300.000 9.100,000 Requirement to. Computo Texas Aeros's first-year depreciation expense on the plane using the double-declining-balance method Begin by selecting the formula to calculate the company's first year depreciation expense on the plane using the double-decining-balance method. Then enter the amounts and calculate the depreciation expense for the first year. (Enter "o for items with a zero value) Double-declining Cost Accumulated depreciation ) 2 (1Useful balance depreciation 32,600.000 2.1.5) 13,000,000 Requirement 2. Show the airplane's book value at the end of the first year for all three methods, Straight-Line Units of production Double-declining balance Cool Less Accumulated Depreciation Book Value