Archie Company purchased a framing machine for $$53,000$ on January $1,2024.$ The machine is expected to have a four$-$year life, with a residual value of $$6,000$ 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

$$11,750$ and $$35,250,$ respectively.

$$13,250$ and $$33,750,$ respectively.

$$13,250$ and $$39,750,$ respectively.

$$11,750$ and $$41,250,$ respectively.