TB MC Qu. 11-78 (Algo) Archie Co. purchased a framing machine... Archie Co purchased a framing machine for $52,000 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 straight-line method, depreciation for 2021 and book value at December 31, 2021. would be Multiple Choice $11,250 and $40,750 respectively. $13,000 and $39,000 respectively. $13,000 and $32,000 respectively $11,250 and $33,750 respectively