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Please enter your answer without using a "$" symbol and rounded to the nearest whole...

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Accounting

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Please enter your answer without using a "$" symbol and rounded to the nearest whole number (no decimal) DI Question 17 1 pts If the cost of an item of inventory is $70, the current replacement cost is $65, and the retail sales price is $85, the amount included in inventory according to the lower-of-cost-or-market method is: O $65 O $70 $85 $160 Question 18 1 pts A new machine was purchased on January 1, 2018 for $3,000,000. The machine is expected to last for 20 years and have a $500,000 salvage/residual Depreciation expense in 2018 under the straight-line method is

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