Question: ( $ 5 , 1 0 0 , 0 0 0 ) . Logan Service expects to fly the plane 7 2
$ Logan Service expects to fly the plane miles the first year, miles each year during the second, third, and fourth years, and miles the last year. Read the requirements. Compute Logan Service's depreciation for the first two years on the plane using the straightline method, the unitsofproduction method, and the doubledeclining balance method. a Straightline method Using the straightline method, depreciation is for and for b Unitsofproduction method Round the depreciation per unit of output to two decimal places to compute your final answers. Using the unitsofproduction method, depreciation is c Doubledeclining balance method Using the doubledecliningbalance method, depreciation is for and for Show the airplane's book value at the end of the first year under each method. Requirements Compute Logan Service's depreciation for the first two years on the plane using the following methods: a Straightline method b Unitsofproduction method round depreciation per mile to the closest cent c Doubledecliningbalance method Show the airplane's book value at the end of the first year under each depreciation method.
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