On January Northeast USA Transportation Company purchased a used aircraft at a cost of $ Northeast USA expects the plane to remain useful for five years miles have a residual value of $ Northeast USA expects to fly the plane miles the first year, miles each year during the second, third, and fourth years, and miles th year.
Read the requirements.
Compute Northeast USA's depreciation for the first two years on the plane using the straightline method, the unitsofproduction method, and the doubledeclining balance method.
a Straightline method
Using the straightline method, depreciation is for and for
Requirements
Compute Northeast USA's depreciation for the first two years on the plane using the following methods:
a Straightline method
b Unitsofproduction method round depreciation per mile to the closest cent
c Doubledecliningbalance method
Show the airplane's book value at the end of the first year under each depreciation method.
