Archie Co purchased a framing machine for $63,000 on January 1, 2021. The machine is expected to have a four-year lie, with a residual value of $7.000 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 $14,000 and $12,000 respectively $15,750 and $47,250 respectively $15,750 and $40,250 respectively $14,000 and $49.000 respectively