Assume that on Sept. 30, 2015 GoGo Air purchased a plane for 45,000,000
and expects the plane to last 4 years or 4,000,000 miles and a residual
value of 6,000,000. The plane was used for 350,000 miles in 2015. Calculate
depreciation and journal entries under each method of depreciation for
2015
a. Straight line Depreciation
b. Units of Production
c. Double declining Balance