This Question: 13 pts 30 of 37 (20 complete) This Test: 200 pts possil Question Help On January 1, 2017, Best Shipping Transportation Company purchased a used aircraft at a cost of S61,100,000. Best Shipping expects the plane to remain useful for five years (6.000.000 miles) and to have a residual value of S5,100,000. Best Shipping expects to fly the plane 875,000 miles the first year. 1.200.000 miles each year during the second, third, and fourth years, and 1,525,000 miles the last year. Read the requirements, 1. Compute Best Shipping's depreciation for the first two years on the plane using the straight-line method, the units-of-production method, and the double-declining balance method. a. Straight-line method Using the straight-line method, depreciation is $ for 2017 and for 2018 b. Units-of-production method (Round the depreciation per unit of output to two decimal places to compute your final answers.) Using the units-of-production method. depreciation is $ for 2017 and for 2018. c. Double-declining balance method Requirements Using the double-dedining-balance method, depreciation is s for 2017 and $ for 2018. 2. Show the airplane's book value at the end of the first year under each method Units-of- Double-Declining Balance Book Value: Straight-Line Production 1. Compute Best Shipping's depreciation for the first two years on the plane using the following methods: a. Straight-line method b. Units-of-production method (round depreciation per mile to the closest cent) c. Double-declining balance method 2. Show the airplane's book value at the end of the first year under each depreciation method. Less: Book Value Print Done