On January $1,2024,$ Advanced Airlines purchased a used airplane for $$48,500,000.$ Advanced Airlines expects the plane to remain useful for four years miles$)$ and to have a residual value of $$4,500,000.$ The company expects the plane to be flown $1,600,000$ miles during the first year.

Requirement $1$c$.$ Compute Advanced Airlines's first$-$year depreciation expense on the plane using the double$-$declining$-$balance method.

Begin by selecting the formula to calculate the company's first$-$year depreciation expense on the plane using the double$-$declining$-$balance method. Then enter the amounts and calculate the depreciation expense for the first year. $($Enter $"0"$ for items with a zero value.$)$

Requirement $2.$ Show the airplane's book value at the end of the first year for all three methods.

$\backslash$table$[[,$Straight$-$Line Units$-$of$-$production$],[$Cost$,$Less: Accumulated Depreciation$]]$