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3 Archie Co. purchased a framing machine for $64,000 on January 1, 2021. The machine is expected to have a four-year life, with a residual
3 Archie Co. purchased a framing machine for $64,000 on January 1, 2021. The machine is expected to have a four-year life, with a residual value of $8,000 at the end of four years, Using the sum-of-the-years' digits method, depreciation for 2021 and book value at December 31, 2021, would be: (Do not round intermediate calculations.) Multiple Choice $25,600 and $38,400 respectively, $22,400 and $41,600 respectively, $22,400 and $33,600 respectively $25,600 and $30,400 respectively
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