X be 15W Requirements 1) Identify the inventory costing method used by Company A and B 2) Prepare Closing entries for both Company A and B ther mm 17 w hat type of nicole is the 19 be an empt 22 Sagit delects Question 6 (20 marks) At the beginning of 2020, Fly by Night Airways purchased a used Boeing jet at a cost of $60,000,000. Fly by Night expects the plane to remain useful for eight years (6,000,000 miles) and to have a residual value of $8,000,000. The plane is expected to be flown 750,000; 800,000 and 900,000 miles respectively in years 2020, 2021 and 2022. Required 1. Compute Fly by Night's amortization schedule (opening balance, amortization and closing net book value) on the jet using the following methods for years 2020, 2021 and 2022. a. Straight line b. UP C. DDB Mased 532.000 of inven wy's () accrual of in ote plus interest on what Mission Comp ince sheet at Decembe hat date. is located in Oh July 25. Keller plus tax on August ther sales or input 406.00 for Assetsanu