Northwest Airlines purchased an aircraft on January 1, 2018, at a cost of $35,000,000. The estimated useful life of the aircraft is 25 years, with an estimated residual value of $5,000,000.InstructionsCalculate the accumulated depreciation and carrying amount at December 31, 2020 using the straight-line method and the double diminishing-balance method.

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The Answer of Northwest Airlines purchased an aircraft on January 1, 2018, at a cost of $35,000,000. The estimated useful life of the aircraft is 25 years, with an estimated residual value of $5,000,000.InstructionsCalculate the accumulated depreciation and carrying amount at December 31, 2020 using the straight-line method and the double diminishing-balance method.

Northwest Airlines Purchased an Aircraft on January 1, 2018, at a Cost