Lemus Co. purchased a zulumulu machine for $45,000 on January 1, 2018. The machine is...
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Accounting
Lemus Co. purchased a zulumulu 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 2019 and book value at December 31, 2019, would be:
Group of answer choices
$11,250 and $6,250.
$10,000 and $5,000.
$10,000 and $10,000.
$11,250 and $11,250.
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