Archie Co. purchased a framing machine for $45,000 on January 1, 2016. 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 2017 and book value at December 31, 2017, would be: $10,000 and $5,000. $10,000 and $10,000. $11,250 and $6,250. $11,250 and $11,250.