Question 37 (2 points) Archie Co. purchased a framing machine for $45,000 on January 1, 2021. 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 double-declining-balance method, depreciation for 2022 and book value at December 31, 2022, would be: O $11,250 and $6,250 respectively. $10,000 and $10,000 respectively. O $11,250 and $11,250 respectively. $10,000 and $5,000 respectively