Archie Co Purchased a Framing Machine for $45,000 on January 1

Multiple Choice

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) $10,000 and $25,000.
C) $11,250 and $17,500.
D) $11,250 and $22,500.