On January? 1, 2017?, Best Shipping Transportation Company purchased a used aircraft at a cost of $

On January​ 1, 2017​, Best Shipping Transportation Company purchased a used aircraft at a cost of $ 48 comma 700 comma 000. Best Shipping expects the plane to remain useful for five years ​(7 comma 300 comma 000 ​miles) and to have a residual value of $ 4 comma 700 comma 000. Best Shipping expects to fly the plane 925 comma 000 miles the first​ year, 1 comma 200 comma 000 miles each year during the​ second, third, and fourth​ years, and 2 comma 775 comma 000 miles the last year. Read the requirements LOADING…. 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 Using the double-declining-balance method, depreciation is $ for 2017 and $ for 2018. 2. Show the​ airplane's book value at the end of the first year under each method. Book Value: Straight-Line Less: Book Value Units-of- Production Double-Declining- Balance Choose from any list or enter any number in the input fields and then continue to the next question. Requirements 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.

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