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Business, 22.07.2020 04:01 batmanmarie2004

Assume that on September 30, 2017, AirUS, an international airline based in Germany, purchased a Jumbo aircraft at a cost of euro 42,500,000 (euro is the symbol for the euro). AirUS expects the plane to remain useful for five years (5,000,000 miles) and to have a residual value of euro 4,250,000. AirUS will fly the plane 350 comma 000 miles during the remainder of 2017. Requried:
a. Compute AirUS's depreciation on the plane for the year ended December 31, 2017, using the straight-line method.
b. Compute AirUS's depreciation on the plane for the year ended December 31, 2017, using the units-of-production method.
c. Compute AirUS's depreciation on the plane for the year ended December 31, 2017, using the double-declining method

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