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S7-4 (similar to Question Help Assume that at the beginning of 2015 Fast Delivery purchased a used Jumbo 747 aircraft at a cost of $59,400,000. Fast Delivery expects the plane to remain useful for five years (7,200,000 miles) and to have a residual value of $5,400,000. Fast Delivery expects to fly the plane 835,000 miles the first year, 1,325,000 miles each year during the second, third, and fourth years, and 2,390,000 miles the last year Compute Fast Delivery's depreciation for the first two years on the plane using the following methods: a. Straight-line method b. Units-of-prod c. Double-declining-balance method Show the airplane's book value at the end of the first year under each depreciation method. 1. uction method (round depreciation per mile to the closest cent) 2