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Assume that on September 30, 2015, Airus, an international airline based in Germany, purchased a Jumbo aircraft at a cost of 50,000,000 ( is the

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Assume that on September 30, 2015, Airus, an international airline based in Germany, purchased a Jumbo aircraft at a cost of 50,000,000 ( is the symbol for the euro). AirUS expects the plane to remain useful for eight years (5,750,000 miles) and to have a residual value of 4,000,000. AirUS will fly the plane 350,000 miles during the remainder of 2015. Compute AirUS's depreciation on the plane for the year ended December 31, 2015, using the following methods: a. Straight-line b. Units-of-production C. Double-declining-balance Which method would produce the highest net income for 2015? Which method produces the lowest net income? a. Compute AirUS's depreciation on the plane for the year ended December 31, 2015, using the straight-line method. The depreciation on the plane for the year ended December 31, 2015, using the straight-line method is

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