Splish Brothers Inc. purchased a 777 aircraft on January 1, 2020 at a cost of $40,920,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $6,138,000.

Compute the accumulated depreciation and book value at December 31, 2022 using the straight-line method and the double-declining-balance method.

Splish Brothers Inc. purchased a 777 aircraft on January 1, 2020 at a cost of $40,920,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $6.138,000. Compute the accumulated depreciation and book value at December 31, 2022 using the straight-line method and the double-declining balance method Straight-line 5 Accumulated depreciation 1739100 39180900 Declining-balance $ 4092000 $ 36820000 Book value $ e Textbook and Media Save for Later Last saved 1 second ago