QUESTION 12 Archie Co. purchased a framing machine for $45,000 on January 1, 2016. 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 2016 and book value at December 31, 2016, would be: $10,000 and $30,000. $11,250 and $28,750. $10,000 and $35,000. $11,250 and $33,750.