On January$1,$

$20252025,$

Logan ServiceLogan$$Service

purchased a used airplane for

$ $43$ comma $000$ comma $000$$$43,000,000.$

Logan ServiceLogan$$Service

expects the plane to remain useful for

fivefive

years

$(5$ comma $000$ comma $0005,000,000$

$$miles$)$ and to have a residual value of

$ $3$ comma $000$ comma $000$$$3,000,000.$

The company expects the plane to be flown

$1$ comma $100$ comma $0001,100,000$

miles during the first year.