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On January 1, 2018, Questor Airline purchased a used airplane at a cost of $58,000,000. Questor Airline expects the plane to remain useful for eight years (6,000,000 milles) and to have a residual value of $4,000,000. Questor Airline expects the plane to be flown 1,500,000 miles the first year and 1,100,000 miles the second year. Read the requirements. Requirement 1a. Compute second-year (2019) depreciation expense on the plane using the straight-ine method. Begin by selecting the formula to calculate the companys second-year depreciation expense on the plane using the straight-line method. Then enter the amounts and calculate the depreciation expense for the second year )r Straight-line depreclation Requirement 1b. Compute second-year (2019) depreciation expense on the plane using the units-of-production method Before calculating the second-year depreclation expense on the plane using the units-of-production method, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. Depreciation per unit )f Now, select the formula, enter the amounts and calculate the companys second-year depreciation expense on the plane using th units-of-production method. Units-of-production depreclation Choo se from any list or enter any number in the input fields and then continue to the next question.

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