Assuming an asset is used evenly over a four$-$year service life, which method of depreciation

will always result in the largest amount of depreciation in the first year?

A$)$ Straight$-$line

B$)$ Units$-$of$-$production

C$)$ Double$-$declining$-$balance

D$)$ Sum$-$of$-$the$-$years'$-$digits

In the first year of an asset's life, which of the following methods has the smallest

depreciation?

A$)$ Straight$-$line

B$)$ Declining$-$balance

C$)$ Sum$-$of$-$the$-$years'$-$digits

D$)$ All of the other choices result in the same amount of depreciation.

Archie Company purchased a framing machine for $$60,000$ 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:

A$)$ $$15,000$ and $$40,000,$ respectively.

B$)$ $$15,000$ and $$45,000,$ respectively.

C$)$ $$13,750$ and $$46,250,$ respectively.

D$)$ $$13,750$ and $$41,250,$ respectively.

Archie Company purchased a framing machine for $$58,000$ 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 double$-$declining$-$balance method, depreciation for $2024$ and book value on

December $31,2024,$ would be:

A$)$ $$29,000$ and $$23,000,$ respectively.

B$)$ $$29,000$ and $$29,000,$ respectively.

C$)$ $$26,000$ and $$32,000,$ respectively.

D$)$ $$26,000$ and $$26,000,$ respectively.