ssume that on September 30, 2020, LuxAir, an international airline based in Germany, purchased a Jumbo aircraft at 40,000,000 ( is the symbol for the euro). LuxAir expects the plane to remain useful for five years (5,000,000 miles) and to have a esidual value of 5,500,000. LuxAir will fly the plane 400,000 miles during the remainder of 2020. Read the requirements. a. Compute LuxAir's depreciation on the plane for the year ended December 31, 2020, using the straight-line method. The depreciation on the plane for the year ended December 31, 2020, using the straight-line method is 1,725,000 b. Compute LuxAir's depreciation on the plane for the year ended December 31, 2020, using the units-of-production method. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest whole number.) The depreciation on the plane for the year ended December 31, 2020, using the UOPmethod is Requirements Compute LuxAir's depreciation on the plane for the year ended December 31, 2020, using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance Which method would produce the highest net income for 2020? Which method produces the lowest net income? - X