On July 8, 20X1, your company purchases a machine for $100,000. Your firm uses the DDB method. Assets purchased between the 1^st and 15^th are depreciated for the entire month; assets purchased after the 15^th as though acquired the following month. Management estimates the machine will last 8 years and have a salvage value of $35,000. The book value at the end of 20X1 is:

On April 21, 20X1, your company purchases a building for $600,000. Your firm uses the DDB method. Assets purchased between the 1^st and 15^th are depreciated for the entire month; assets purchased after the 15^th as though acquired the following month. Management estimates the building will last 40 years and have a salvage value of $100,000. Depreciation expense for 20X1 is: