35 Archie Co. purchased a framing machine for $47,000 on January 1, 2021. The machine is expected to have a four-year life, with a residual value of $4,000 at the end of four years. Using the double-declining balance method, depreciation for 2021 and book value at December 31, 2021, would be: 8 00:56:46 Multiple Choice 0 $21,500 and $21,500 respectively. $23,500 and $19,500 respectively. O $21,500 and $25,500 respectively. $23,500 and $23,500 respectively