Project #57844 - Accounting

1.Compute DHL's depreciation for the first two years on the plane using the following methods:

a. straight line

b. units of production (round depreciation per mile to closest cent)

c. double declining balance

2. Show the airplane's book value at the end of the first year under each depreciation method

Assume that at the beginning of 2013, DHL, a Fed Ex competitor, purchased a used Jumbo 747 aircraft at a cost of $52,400,000. DHL expects the plane to remain useful for five years (7.3 million miles) and to have a residual value of $6,400,00. DHL expects to fly the plane 835,000 miles the first year, 1,650,000 miles each year during the second, third and fourth years and 1,515,000 miles the last year.

Subject Business
Due By (Pacific Time) 02/15/2015 09:00 am
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