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 double-declining balance method, depreciation for 2018 and book value at December 31, 2018, would be:

A) $22,500 and $22,500.
B) $22,500 and $17,500.
C) $20,000 and $25,000.
D) $20,000 and $20,000.