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Nar On January 1, 2024, Alaska Freight Airlines purchased a used airplane for $33,600,000. Alaska...

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Nar On January 1, 2024, Alaska Freight Airlines purchased a used airplane for $33,600,000. Alaska Freight Airlines expects the plane to remain useful for four years Due (4,000,000 miles) and to have a residual value of $5,600,000. The company expects the plane to be flown 1,500,000 miles during the first year. Cur Read the requirements Atte Requirement 1a. Computo Alaska Freight Airlines's first-year depreciation expense on the plane ning the straight-line method. Begin by selecting the formula to calculate the company's first-year depreciation expense on the plane using the straight-line method. Then enter the amounts and calculate the depreciation for the first year. Vies Straight-line depreciation The Nar On June 15, 2023, Just Right Furniture discarded equipment that had a cost of $30,000, a residual value of $0, and was fully depreciated. Joumalize the disposal of Due the equipment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Cur Date Accounts and Explanation Debit Credit Atte Jun 15 Thi Vie

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