$25)$The Hawaii Company purchases a machine on $\frac{1}{1}\frac{?}{21}.$ Details include:

Cost

Salvage value Estimated life

$$80,000$

$$4,000$

$10$ years

Assume Double$-$declining balance depreciation. Indicate the following amount:

$12/31/23$ Accumulated Depreciation

a$.$ $$28,800$

b$.$ $$39,040$

c$.$ $$40,960$

d$.$ $$18,680$

e$.$ $$37,088$

$26)$

The Sandman Company paid $$100$ for inventory it intended to sell for $$150.$ Sandman received a $$10$ rebate from the vendor one month after purchase. However, due to a decrease in demand, the item's current market value is $$85.$ What amount should be Inventory on the balance sheet, using the Lower$-$of$-$Cost$-$or$-$Market method?

Select one:

a$.$ $$100$

b$.$ $$85$

c$.$ $$150$

d$.$ $$90$

e$.$ $$75$