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Archie Co. purchased a framing machine for $45,000 on January 1, 2018. The machine is...

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Accounting

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 2019 and book value at December 31, 2019, would be:

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