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I just need the answer, no working note. Archie Co. purchased a framing machine for $49,000 on January 1, 2021. The machine is expected to
I just need the answer, no working note.
Archie Co. purchased a framing machine for $49,000 on January 1, 2021. The machine is expected to have a four-year life, with a residual value of $7,000 at the end of four years.
Using the sum-of-the-years'-digits method, depreciation for 2021 and book value at December 31, 2021, would be:(Do not round intermediate calculations.)
Multiple Choice
- $19,600 and $22,400 respectively.
- $16,800 and $32,200 respectively.
- $19,600 and $29,400 respectively.
- $16,800 and $25,200 respectively.
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