Speedy Delivery expects to fly the plane $835,000$ miles the first year, $1,350,000$ miles each year during the second, third, and fourth years, and $1,915,000$ miles the last year.

Read the requirements.

Compute Speedy Delivery'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.

a$.$ Straight$-$line method

b$.$ Units$-$of$-$production method $($Round the depreciation per unit of output to two decimal places to compute your final answers.$)$

Requirements

$2020,2021$

Units$-$of$-$production method depreciation

c$.$ Double$-$declining balance method

Show the airplane's book value at the end of the first year under each method.

Compute Speedy 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

Show the airplane's book value at the end of the first year under each

depreciation method.