Question: Upper A Tel Ex jet costs $ 55000000 and is expected to fly 500000000 miles during its 8 -year life. Residual value is expected to

Upper A Tel Ex jet costs $ 55000000 and is expected to fly 500000000 miles during its 8 -year life. Residual value is expected to be zero because the plane was used when acquired. If the plane travels 56000000 miles the first year, how much depreciation should Tel Ex record under the units-of-production method? (Round the depreciation per unit to two decimal places.)

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