Machinery having a four-year useful life and a residual value of $5,000 was acquired for $65,000 cash on June 28. Using the nearest whole month method, the company would recognize $7,500 for depreciation expense at the end of the first year, December 31 on a straight line basis. * O True False Toys"R" Ltd. had cost of goods sold of $6,500 million, ending inventory of $2,500 million, and average inventory turnover of $2,000 million. The days' sales in inventory is * O 152.1 0 121.7 O 87 O 30.5 140.4