Chapter 10 Homework Question 4, 5F10-4 (book/static) HW Score: 9.52%, 2.29 of 24 points O Points: 0 of 1 On January 1, 2024, Advanced Arine purchased a used airplane at a cost of $60,500,000. Advanced Airline expects the plane to main use for eight years (5.000.000 miles) and to have a residual value of $5.000.000 expects the plane to be flown 1,100,000 miles the fint year and 1,200,000 miles the second year. Read the immens Requirement fa. Compute second-year (2025) depreciation expense on the plane using the straight method Begin by selecting the formula to calculate the company's second-year depreciation expense on the plane using the straighs line method. Then enter the amounts and caule the depreciation expense for the second year Straight-ine depresion Save Clear all Check answer Help me solve this Calculator Ask my instructor