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6 Archie Co. purchased a framing machine for $52,000 on January 1, 2021. The machine is expected to have a four-year life, with a residual
6 Archie Co. purchased a framing machine for $52,000 on January 1, 2021. The machine is expected to have a four-year life, with a residual value of $7,000 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.) 01:16:52 Multiple Choice 0 $18,000 and $27,000 respectively. O $20,800 and $31,200 respectively. 0 $18,000 and $34,000 respectively. O $20,800 and $24,200 respectively
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