Buddy Inc., a calendar year-end company, purchased a machine on 1/1/X1 with the following attributes:

Buddy Inc., a calendar year-end company, purchased a machine on 1/1/X1 with the following attributes: Cost $ 80,000 Salvage Value $ 10,000 Useful life 4 years Assuming that Buddy uses the straight-line depreciation method, answer each of the following questions: (do not include decimals or cents) Question #1: How much depreciation expense should be recorded in 20X3 (the third year of the asset's life)? Answer: $ Question #2: What should be the balance in the "Accumulated Depreciation" account at the end of 20X3, after all year-end journal entries? Answer: $ Question #3: What should be the book value of the machine at the end of 20X3, after all year-end journal entries? Answer: $