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On January 1, 2017, ShipEx Transportation Company purchased a used aircraft at a cost of $44,000,000. ShipEx expects the plane to remain useful for five years (7,000,000 miles) and to have a residual value of $4,000,000. ShipEx expects to fly the plane 850,000 miles the first year, 1,325,000 miles each year during the second third, and fourth years, and 2,175,000 miles the last year. Read the requirements 1. Compute ShipEx'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 c. Double-declining balance method for 2017 and $ for 2018 Using the double-declining balance method, depreciation is for 2017 and for 2018 Choose from any list or enter any number in the input fields and then continue to the next question yoals, anu 4 A Requirements and the double depreciation for ne method, depre 1. Compute ShipEx'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. In method (Roun Yroduction method balance method leclining balance Print Done list or enter any number in the input fields and then continue to the next in

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