Archie Company purchased a framing machine for $45,000 on January 1, 2024. 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 straight-line method, depreciation for 2024 and book value on December 31, 2024, would be Multiple Choice $10,000 and $30.000, respectively $11.250 and $33.750, respectively $10,000 and $35,000, respectively $11.250 and $28.750, respectively < Prev 5 of 10 DELL Nog > C991-L011 Help TTE Mostly sunny Save & Exit Sub 956 71152