Archie Company purchased a framing machine for $57,000 on January 1, 2024. The machine is expected to have a four-year life, with a residual value of $4,000 at the end of four years.

Using the straight-line method, depreciation for 2025 and book value on December 31, 2025, would be:

Multiple Choice

• $14,250 and $28,500, respectively.

• $13,250 and $26,500, respectively.

• $14,250 and $24,500, respectively.

• $13,250 and $30,500, respectively.