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Speedy Delivery expects to fly the plane 835,000 miles the first year, 1,350,000 miles each...

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Question

Accounting

Speedy Delivery expects to fly the plane 835,000 miles the first year, 1,350,000 miles each year during the second, third, and fourth years, and 1,915,000 miles the last year.
Read the requirements.
Compute Speedy Delivery'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
b. Units-of-production method (Round the depreciation per unit of output to two decimal places to compute your final answers.)
Requirements
2020,2021
Units-of-production method depreciation
c. Double-declining balance method
Show the airplane's book value at the end of the first year under each method.
Compute Speedy Delivery'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
Show the airplane's book value at the end of the first year under each
depreciation method.
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