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

Cost	$ 50,000
Salvage Value	$ 2,000
Useful life	4 years

Assuming that Byrd 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 20X2 (the second year of the asset's life)? Answer: $Answer. Question #2: What should be the balance in the "Accumulated Depreciation" account at the end of 20X2, after all year-end journal entries? Answer: $Answer. Question #3: What should be the book value of the machine at the end of 20X2, after all year-end journal entries? Answer: $Answer.