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

Question 95

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 2019 and book value at December 31, 2019, would be:


A) $10,000 and $5,000.
B) $10,000 and $10,000.
C) $11,250 and $6,250.
D) $11,250 and $11,250.

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