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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
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 2022 and book value at December 31, 2022, would be: (Do not round intermediate calculations.)
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