sume that at the beginning of $2020,$ Advanced Air purchased a Bombardier Q$400$ aircraft at a cost of $$29,000,000.$ Ivanced expects the plane to remain useful for five years $(4,700,000km)$ and to have a residual value of $1,000,000.$ Advanced expects the plane to be flown $750,000km$ the first year, $1,100,000km$ each year during years hrough $4,$ and $650,000km$ the last year.

Compute Advanced's first$-$year depreciation on the plane using the following methods:

a$.$ Straight$-$line

b$.$ Units$-$of$-$production

c$.$ Double$-$diminishing$-$balance

Show the airplane's carrying amount at the end of the first year under each depreciation method. Which method sults in the highest carrying amount? Which method produces the lowest carrying amount? Briefly explain why.

quirement $1.$ Compute Advanced's first$-$year depreciation on the plane.

Using the straight$-$line method, depreciation is $$4600000.($Hold all decimals during interim calculations. ound the final solution to the nearest whole number.$)$

Using the units$-$of$-$production method, depreciation is $$3,670,213.($Hold all decimals during interim Iculations. Round the final solution to the nearest whole number.$)$

Using the double$-$diminishing$-$balance method, depreciation is $$,($Hold all decimals during interim Iculations. Round the final solution to the nearest whole number.$)$