Question

Archie Co. purchased a framing machine for $45,000 on January 1, 2018. 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 2018 and book value at December Question 5 options: A) $22,500 and $22,500. B) $22,500 and $17,500. C) $20,000 and $25,000. D) $20,000 and $20,000.

Answer 1

Answer:

A) $22,500 and $22,500.

Explanation:

Please see attachment