tion Requirements ounts sec tion Compute second-year (2019) depreciation expense on the plane using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods. on the lect th Print Done e the On January 1, 2018, Foley Airline purchased a used airplane at a cost of $46,500,000. Foley Airline expects the plane to remain useful for eight years (5,000,000 miles) and to have a residual value of $6,500,000. Foley Airline expects the plane to be flown 1,500,000 miles the first year and 1,400,000 miles the second year. Read the requirements. Requirement 1a. Compute second-year (2019) depreciation expense on the plane using the straight-line method. Begin by selecting the formula to calculate the company's second-year depreciation expense on the plane using the straight-line method. Then enter the amounts and calculate the depreciation expense for the second year. Straight-line depreciation Requirement 1b. Compute second-year (2019) depreciation expense on the plane using the units-of-production method. Before calculating the second-vear denreciation expense on the nlane using the units-of-production method. Choose from any list or enter any number in the input fields and then continue to the next question. ? On January 1, 2018, Foley Airline purchased a used airplane at a cost of $46,500,000. Foley Airline expects the plane to remain useful for eight years (5,000,000 miles) and to have a residual value of $6,500,000. Foley Airline expects the plane to be flown 1,500,000 miles the first year and 1,400,000 miles the second year. Read the requirements. Requirement 1b. Compute second-year (2019) depreciation expense on the plane using the units-of-production method. Before calculating the second-year depreciation expense on the plane using the units-of-production method, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. = Depreciation per unit Now, select the formula, enter the amounts and calculate the company's second-year depreciation expense on the plane using the units-of-production method. Units-of-production depreciation Choose from any list or enter any number in the input fields and then continue to the next question. ? On January 1, 2018, Foley Airline purchased a used airplane at a cost of $46,500,000. Foley Airline expects the plane to remain useful for eight years (5,000,000 miles) and to have a residual value of $6,500,000. Foley Airline expects the plane to be flown 1,500,000 miles the first year and 1,400,000 miles the second year. Read the requirements. Now, select the formula, enter the amounts and calculate the company's second-year depreciation expense on the plane using the units-of-production method. Units-of-production depreciation Requirement 1c. Compute second-year (2019) depreciation expense on the plane using the double-declining-balance method. Begin by selecting the formula to calculate the company's second-year depreciation expense on the plane using the double-declining balance method. Then enter the amounts and calculate the depreciation expense for the second year Double-declining- Choose from any list or enter any number in the input fields and then continue to the next question. On January 1, 2018, Foley Airline purchased a used airplane at a cost of $46,500,000. Foley Airline expects the plane to remain useful for eight years (5,000,000 miles) and to have a residual value of $6,500,000. Foley Airline expects the plane to be flown 1,500,000 miles the first year and 1,400,000 miles the second year. Read the requirements. Requirement 1c. Compute second-year (2019) depreciation expense on the plane using the double-declining-balance method. Begin by selecting the formula to calculate the company's second-year depreciation expense on the plane using the double-declining-balance method. Then enter the amounts and calculate the depreciation expense for the second year. Double-declining- = balance depreciation Requirement 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods. Double-declinina- Choose from any list or enter any number in the input fields and then continue to the next question. ? On January 1, 2018, Foley Airline purchased a used airplane at a cost of $46,500,000. Foley Airline expects the plane to remain useful for eight years (5,000,000 miles) and to have a residual value of $6,500,000. Foley Airline expects the plane to be flown 1,500,000 miles the first year and 1,400,000 miles the second year. Read the requirements. Double-declining- balance depreciation Requirement 2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods. Double-declining- Straight-Line Units-of-production balance Depreciation Expense - 2018 Depreciation Expense - 2019 Accumulated Depreciation ending balance Choose from any list or enter any number in the input fields and then continue to the next