Glacier Company purchased a 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:

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

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

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

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