Canada TranCanada Tran jet costs $ 28 comma 000 comma 000$28,000,000 and is expected to fly 200 comma 000 comma 000200,000,000 miles during its 88-year life. Residual value is expected to be zero because the plane was used when acquired. If the plane travels 26 comma 000 comma 00026,000,000 miles the first year, how much depreciation should Canada TranCanada Tran record under the units-of-production method? (Round the depreciation per unit to two decimal places.)

A. $ 3 comma 640 comma 000$3,640,000

B. $ 7 comma 000 comma 000$7,000,000

C. $ 3 comma 500 comma 000$3,500,000

D. Cannot be determined from the data given

Answer rating: 100% (QA)

Correct Answer Option A Depreciation 364000000 Working A CO... View the full answer