Archie Co. purchased a framing machine for $45,000 on January 1, 2018. The machine is expected to have a four-year life, with a residual value of $5,000 at the end of four years.
Using the straight-line method, depreciation for 2019 and book value at December 31, 2019, would be:a. $10,000 and $20,000
b. $10,00 an $25,000
c. $11,250 and $17,500
d. $11,250 and $22,500
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Home » Business » Archie Co. purchased a framing machine for $45,000 on January 1, 2018. The machine is expected to have a four-year life, with a residual value of $5,000 at the end of four years.