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Archie Company purchased a framing machine for $54,000 on January 1,2024 . The machine is...

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Accounting

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Archie Company purchased a framing machine for $54,000 on January 1,2024 . The machine is expected to have a four-year life, with a residual value of $2,000 at the end of four years. Using the straight-IIne method, depreclation for 2024 and book value on December 31,2024 , would be: Multiple Choice $13,000 and $39,000, respectlvely. $13,500 and $38,500, respectively. $13,500 and $40,500, respectively. $13,000 and $41,000, respectively

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