The Gateway Companys physical inventory at 12/31 was $10,000. In addition, two in-transit items existed: A $350 item purchased from a vendor; FOB Shipping A $200 item sold to a customer; FOB Shipping The 12/31 Inventory for the balance sheet is:

Select one:

a. $10,000

b. $10,350

c. $10,200

d. $10,550

e. $10,150

The Hawaii Company purchases a machine on 1/1/21. Details include:

Cost	$80,000
Salvage value	$ 4,000
Estimated life	10 years

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

Select one:

a.

12/31/22 Accumulated Depreciation

$28,800

b.

12/31/22 Accumulated Depreciation

$12,800

c.

12/31/22 Accumulated Depreciation

$16,000

d.

12/31/22 Accumulated Depreciation

$27,360

e.

12/31/22 Accumulated Depreciation

$15,000