he balance sheets of Davidson Corporation reported net fixed assets of $340,000 at the end of 2021 . The fixed-asset turnover ratio for 2021 was 3.0, nd soles for the year totaled $1,440,000. Net fixed assets at the end of 2020 were: Mitiple Choice $760,000 5480,000 5620,000 None of these answer choices are correch. A company entered into a two-year cloud computing arrangement by paying $90,000 immediately to a vendor and also incurring the following costs: Determine the amount the company should capitalize at the beginning of the arrangement. Archle Co. purchased a framing machine for $64,000 on January 1, 202t. The machine is expected to have a four-year lfe, with a residual value of $8,000 at the end of four years. Using the straight-ine method, depreciation for 2021 and book volue at December 31,2021 , would be: Mutiple Choice $14,000 and $42,000 respectively. $16,000 and $40,000 respectively. 514,000 and 550.000 respectively. 516,000 and $48,000 respectively