Archie Company purchased a framing machine for $$49,000$ on January $1,2024.$ The machine is expected to have a four$-$year life, with a residual value of $$7,000$ at the end of four years.

Using the sum$-$of$-$the$-$years'$-$digits method, depreciation for $2024$ and book value on December $31,2024,$ would be:

Note: Do not round intermediate calculations.

Multiple Choice

$$ $$19,600$ and $$22,400,$ respectively.

$$19,600$ and $$29,400,$ respectively.

$$ $$16,800$ and $$32,200,$ respectively.

$$ $$16,800$ and $$25,200,$ respectively.