QUESTION 20 Archie Co, purchased a framing machine for $45,000 on January 1, 2021. The...
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QUESTION 20 Archie Co, purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a four year Nife, with a residual value of $5,000 at the end of four years. Using the double-declining-balance method, depreciation for 2021 and book value at December 31, 2021, would be: CA $22,500 and $22,500 respectively. B. $22,500 and $17,500 respectively. C. $20,000 and $25,000 respectively, D. $20,000 and $20,000 respectively. E. None of the above
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