One year depreciation

Anonymous
timer Asked: Mar 6th, 2015
Question description

Airline purchased used airplane for $29,500,000. Airline expects plane to remain useful for five years (4,000,000) and have residual value of $5,500,000. Airplane is expected to be flown 1,100,000 miles the first year.

Compute the airplane's first year depreciation by the following:

a. Straight line

b. Units of production

c. Double declining balance

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