Score: 0 of 2 pts 3 of 4 (0 complete) HW Score: 0%, 0 of 10 S9-4 (similar to) Question Help On January 1, 2018, Austin Airline purchased a used airplane at a cost of $47,200,000. Austin Airline expects the plane to remain useful for eight years (6,000,000 miles) and to have a residual value of $5,200,000. Austin Airline expects the plane to be flown 1,600,000 miles the first year and 1,300,000 miles the second year. Read the requirements Requirement 1a. Compute second-year (2019) depreciation expense on the plane using the straight-line 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. = Straight-line depreciation