Subject: Accounting

An unlimited Airline jet costs $55, 000, 000 and is expected to fly 500,000,000 miles during its 12-year life. Residual value is expected to be zero because the plane was used when acquired. if the plan travels 57,000,000 miles the first year, how much depreciation should unlimited Airlines record under the units-of-production method? (Round the depreciation per unit to two decimal places.)