TB MC Qu. 11-78 (Algo) Archie Co. purchased a framing machine... Archie Co purchased a framing machine for $65,000 on January 1, 2021 The machine is expected to have a four-year life with a residual value of $6,000 at the end of four years. Using the straight-line method, depreciation for 2021 and book value at December 31, 2021, would be Multiple Choice $16,250 and $42.750 respectively O $16.250 and 548,750 respectively, $1,750 and $50,250 respectively $1,750 and $44,250 respectively