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Question: Archie Co. purchased a framing machine for $45,000 on January 1, 2016. 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 sum-of-the years'-digits method, depreciation for 2017 and book value at December 31, 2017, would be

a. $13,500 and $13,500.

b. $13,500 and $8,500.

c. $12,000 and $17,000.

d. $12,000 and $12,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92574780

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