Question: Question 37 (2 points) Archie Co. purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a four-year life,

Question 37 (2 points) Archie Co. purchased a framing machine for $45,000 on January 1, 2021. 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 2022 and book value at December 31, 2022, would be

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